News Snapshot:
However, manufacturers have expressed some dismay at the government’s plans. A senior executive at a carmaker company told me on the condition of anonymity that any duty reduction should ideally be on components and for a limited time frame; he cites the Phased Manufacturing Programme (PMP), which the government recently announced for EV chargers. He argued that any duty reduction would not be fair to those who have started manufacturing electric passenger cars in India or plan to do so within the next few years. The government is also reportedly looking to sweeten the deal with Tesla by offering a...
