Electric car import duty to be reduced to 15% from 110%: Reports

The Indian government is set to introduce a new EV policy aimed at reducing import duties and attracting global manufacturers like Tesla. The policy mandates a minimum turnover of ₹2,500 crore by the second year and requires an investment of ₹4,150 crore. Approved manufacturers will qualify for a 15% import duty, significantly lower than the current 110%.