Govt of India notifies phased import duty hike on electric PV parts, lithium-ion cells

With the intention of promoting domestic manufacturing of EVs, Indian Government has notified phased increase in basic customs duty on parts of electric passenger vehicles to be assembled in India to 15% from Apr-20 and 10% on imported lithium-ion cells by Apr-21
As per the road map under the phased manufacturing programme (PMP), it plans to double the basic customs duty on CBU (completely built units) of electric buses and trucks to 50% effective Apr-20.
Basic customs duty on parts used in manufacturing electric vehicles (EVs) like AC or DC charge(r, motor and motor controller; power control unit, among others, will also be increased to 15% from NIL at present starting from Apr-21, as the Centre eyes to promote mass adoption of EVs through schemes like FAME II to be rolled out from April.
Effective Apr-21, the basic import duty on battery packs used in manufacturing electric vehicles will also be increased to 15% from the current 5% and would be doubled to 10% on lithium ion cells used in manufacturing of lithium ion accumulator.

To read more click on:
https://www.autojobs4u.com/autojobs4ublog/articles/Older-vehicle-prior-to-year-2000-faces-government-regulations.php

#autojobs4u #automobileindustry #automotiveupdates #GovtofIndia #ElectricPVParts

Comments

EVI Technologies plans to set up 20,000 charging stations across India

The Electric vehicle charging infrastructure provider EVI Technologies plans to invest around Rs 100 crore in the next 1.5 years to set up 20,000 charging stations (both home and public) across India. EVI Technologies was incubated at the Electropreneur Park funded by the Ministry of Electronics & Information Technology, has also tied up with BSES Rajdhani Power Ltd to set up around 3,000 EV charging stations in Delhi. EVI Technologies started its operations in Jun-2017 and offers its charging stations on lease for private users. It has presence in 16 different locations in 10 Indian states. It has got orders of 50 charging stations from EESL in Dec-2017 which is being currently installed in complexes of several ministries. While EVI will invest to set up those stations that will be leased out, BSES will provide charging connections with tariff set at Rs 5 per unit for stations in the Capital. #autojobs4u #ElectricVehicles #Technologies #ChargingStations #India #automotiveupd...

Govt lowers import duty on EV components

Govt lowers the electric vehicle parts and components import duty from 15 to 30% bracket to 10 to 15% in order to promote domestic assembling of electric vehicles. The CBIC (Central Board of Indirect Taxes and Customs) has carved out a separate category for parts and components of electric vehicle for which customs duty has been lowered. The CBIC has removed customs duty exemption to battery packs for electric vehicles in order to boost “Make in India” initiative. Henceforth, import of battery packs for electric vehicles will attract 5 per cent tax. The new rates of duties have come into effect from from 30th Jan 2019. #autojobs4u #automotivejobs #EV

LCV to benefit greatly from Indian middle class growth

Globally, LCVs account for 75% of commercial vehicles sales but in India, it is only 62%. Indian middle class which is growing at a healthy pace will bolster growth in the commercial vehicles space in India going forward and the biggest beneficiary will be the light commercial vehicles (LCV) segment The increase in urbanisation and consumption will lead to shifts in market segments and LCV will play a crucial role in last mile connectivity. Industry experts feel that there are 3 big challenges the industry needs to overcome to realise this sales potential which are lack of availability of finance due to liquidity crunch at NBFC, the upcoming BS-VI emission norms and a lack of drivers. With the introduction of BSVI, the cost hike will be much higher than the prediction of 5%-7%. The electric and autonomous vehicles are inevitable in future and the keys to growth will be reducing time taken to bring new models to the market, making vehicle platforms more flexible and dynamic, and st...

Search This Blog