Can I read EV Policy Update: Local Manufacturing Boost on EtoBox?

EV Policy Update: Local Manufacturing Boost by Prakash is a document available to read on EtoBox.

What is EV Policy Update: Local Manufacturing Boost about?

The EV Policy aims to attract global OEMs to set up local EV production with a minimum investment of USD 500 million, reducing custom duties on imports to 15% for vehicles valued over USD 35,000. It mandates a gradual increase in local manufacturing to 25% by the third year and 50% by the fifth year, while limiting imports to 8,000 units annually. The policy is expected to positively impact the auto component industry and specific stocks like Sansera Engineering and Uno Minda.

Author

Prakash

Language

EN