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Application portal open for electric car makers, many benefits will be available with low import duty
EV Portal, Portal for Electric Car Makers: The government has launched a new portal to promote electric passenger car manufacturing, where automobile companies can apply. Under the scheme, special concessions will be given to companies investing with low import duty.
The government of India announced a new initiative to boost domestic electric passenger vehicle production. Heavy Industries Minister HD Kumaraswamy on Monday launched a portal where car manufacturers could submit their applications under the Electric Car Scheme. This portal will remain until 21 October 2025.
Under the scheme, if auto companies undertake to enter electric car production in India, they would be granted tremendous discounts on import duty. Import of up to 8,000 EVs would be allowed with only 15 percent duty as against the current import duty of 70-100 percent, if the company invests an amount of Rs 4,150 crore.
Kumaraswamy informed that the American company Tesla is currently only showing interest in opening showrooms in India, not in setting up a manufacturing unit. At the same time, Mercedes-Benz has already invested heavily in India before applying.
