⚡ India Slashes EV Import Duty to 15% 🚗🌱
In a major policy shift, India has reduced import duty on premium EVs (above $35,000) from 110% to 15% to attract global players like Tesla 🌍.
🔹 Companies must invest ₹4,150+ crore and set up local manufacturing within 3 years 🏭
🔹 8,000 EVs/year can be imported at reduced duty 📦
🔹 25% local value addition required, rising to 50% in 5 years 🔧
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