The initiatives presented in Budget 2025 are anticipated to benefit local manufacturing, leading to increased job ...

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on Saturday (1 February) announced key measures ...

As exemption of basic customs duty for 35 additional capital goods for EV battery manufacturing, the space is poised to witness increased adoption driven by reduced production costs. Here are 2 key st ...

Industry leaders have largely welcomed the government’s emphasis on domestic manufacturing, customs duty exemptions, and ...

Finance Minister Nirmala Sitharaman fully exempts Basic Customs Duty (BCD) on essential materials like cobalt, lithium-ion ...

During her budget speech at the Parliament, Finance Minister Nirmala Sitharaman announced support for clean-tech manufacturing. FM stated that this would help in the development of the Sola PV cells ...

"To the list of exempted capital goods, I propose to add 35 additional capital goods for EV battery manufacturing, and 28 additional capital goods for mobile phone battery manufacturing. This will ...

Efforts to localise key EV components like batteries, motors, and controllers will also help lower upfront costs, making EVs more accessible to consumers and strengthening India’s EV ecosystem ...

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

The scrapping of basic customs duty on the import of lithium-ion battery scrap and capital goods - or the machinery used to manufacture lithium-ion batteries - will strengthen the domestic battery ...

The Indian EV market, which is still at a nascent stage, is currently driven by two-wheelers and three-wheelers as opposed to ...

The Union Budget 2025-26 introduces tax exemptions for lithium battery production, aiming to enhance local manufacturing and ...