The Budget 2025 reinforces the government’s push for the localisation of EVs and battery manufacturing, while also ...

Government promotes domestic manufacturing of lithium-ion batteries for electric mobility through duty exemptions, policy support, and export promotion missions.

BCD will be removed from on 35 different types of capital goods used for lithium-ion battery manufacturing. This will bring down the cost of setting up an EV battery manufacturing factory in India.

Elderly drivers above the age of 70 will be slapped with new car tax changes from April as Vehicle Excise Duty (VED) is ...