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EV makers investing in Indian market to get import tax cuts

The government will lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders. Automakers will be permitted to import up to...

PTI

New Delhi, Updated At : 03:30 AM Jun 03, 2025 IST

The government will lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.

Automakers will be permitted to import up to 8,000 electric vehicles at a reduced duty rate of 15 per cent, compared to the current 70–100 per cent, provided they commit to investing Rs 4,150 crore in local EV manufacturing, according to the new EV policy notified by the government.

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EV makers investing in Indian market to get import tax cuts

PTI

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