Finance Minister Nirmala Sitharaman presented the 2025-2026 budget, proposing tax incentives and removing customs duties on minerals for EV batteries. This aims to reduce costs, encourage domestic ...
In a major move, the Indian government has announced huge duty exemptions in the Union Budget for 2025-26 to boost local production of lithium-ion batteries for electric vehicles (EVs). The plan ...
"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 ...
Furthering efforts to boost the electronics sector, Sitharaman declared a complete exemption of BCD on parts for Open Cells used in LCD and LED TV manufacturing.