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Vineet Saxena

2nd Jun 2025 · SEBI-Registered Analyst

⚡ 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 🔧 📈 Stocks to Watch on NSE:

TATAMOTORS
: With a strong EV lineup, Tata Motors stands to benefit from increased EV adoption.
M&M
: M&M's focus on electric SUVs positions it well in the evolving EV market.
TVSMOTOR
: A key player in the two-wheeler EV segment, TVS Motor is expanding its electric offerings. A big push toward affordable premium EVs and a greener future for India! 💚⚙️

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