Govt says not considering tax cuts or exemptions for EV imports
Image Credit: economic times
Amid reports of a thaw in relations between the Indian government and Elon Musk-led automaker Tesla, the Centre told the Parliament that there is no proposal to cut taxes on import of electric vehicles (EVs). “Presently, there is no proposal either to provide exemption from local value addition cost or to provide subsidy on import duty on import of electric vehicles in India,” said minister of state (MoS) for commerce and industry Som Parkash.