‘Duty cut on EV components to spur electric mobility’

Source: The Hitavada      Date: 01 Feb 2019 11:53:07


 

AUTOMOBILE industry body SIAM Thursday welcomed Government’s move to reduce import tariff on imported parts of electric vehicles (EVs) for assembly in India saying it would trigger investments in critical components both from domestic and foreign players.

The Society of Indian Autombile Manufacturers (SIAM), however, urged the government to reconsider raising of duty on battery cell to 5 per cent from zero saying as there is no local manufacturing at the moment, imported cells would become costlier and make introduction of EVs more difficult.

“At the same time, Government's intention to not allow import of completely built electric vehicles at a concessional rate is also in the right spirit of Make in India,” SIAM said.
On Tuesday, Government had lowered Customs Duty on import of parts and components.