Pune: India’s decision to remove the 40% import duty on desi chana has led to a 7-10% jump in the international prices of the commodity within a day of the announcement on Friday. Made at a time when sowing is ongoing in Australia, this decision is expected to encourage farmers there to boost the acreage … Read more
India’s decision to temporarily lower import duty on electric vehicles priced upwards of $35,000 to 15% for carmakers investing at least $500 million on domestic manufacturing “might help accelerate localisation of premium electric cars” and drive demand, a top Audi executive said. The policy “shows that the government seems to be very committed to sustainability, … Read more
US electric automaker Tesla could soon set up shop in India, with the government close to finalising a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of bank guarantees by Tesla for a proposed … Read more
