In Short : India’s new EV policy slashes import duties to 15% for automakers investing ₹4,150 crore in local manufacturing within three years. Up to 8,000 high-end EVs annually can benefit. Firms must meet phased local value addition targets. While Tesla may not qualify, companies like Mercedes-Benz and Skoda-Volkswagen are exploring production. VinFast’s existing investment […]
Govt to recover wrongly claimed sops by EV makers – EQ Mag
The Centre plans to provoke restoration of wrongly claimed subsidies by electrical car (EV) makers below a devoted ₹10,000-crore programme that was created to promote native manufacturing and adoption of transport selections that do not go away tailpipe emissions. Officials privy to the event advised ET that the Ministry of Heavy Industries (MHI) has begun […]
Indian EV makers to soon follow BIS standards for batteries amid fires – EQ Mag Pro
The BIS standards for EV batteries will look into “size, connectors, specification and minimum quality of cells, the battery’s capacity”. NEW DELHI: As fires and explosions in electric two-wheelers continue unabated, the government is all set to introduce EV battery standards (BIS standards) for EV two-wheelers that will be expanded to four-wheelers at a later […]
Govt tells EV makers to localize manufacturing to qualify for subsidies
Despite the scheme’s accent on localization, the guidelines allow imports of key battery parts to manage costs All electric vehicle and hybrid manufacturers must localize manufacturing of wheel rims integrated with hub motor from 1 October 2019 Control units, chargers and AC units are among a slew of components that electric and hybrid vehicle manufacturers […]
