India Exempts Import Duties on EV Battery and Mobile Phone Components to Boost Domestic Manufacturing
New Delhi, March 25, 2025 –In a landmark decision aimed at strengthening domestic manufacturing, the Indian government has exempted import duties on 35 essential capital goods used to produce Electric Vehicle (EV) batteries and 28 items required for mobile phone manufacturing. Finance Minister Nirmala Sitharaman announced the policy shift while presenting the Finance Bill 2025, … Read more