FM Nirmala Sitharaman proposes to hike customs duty on imported electric vehicles

"Under 'Make in India' initiative, well laid-out customs duty rates were pre-announced for items like mobile phones, electric vehicles and their components. This has ensured gradual increase in domestic value addition capacity in India," Sitharaman said while presenting Budget 2020-21.

from Auto-Industry-Economic Times https://ift.tt/2UcSi9z