Paper: GS – III, Subject: Indian Economy, Topic: Industry and Industry Policies, Issue: EV Manufacturing.
Context:
The Ministry of Heavy Industries (MHI) has recently notified guidelines for the Scheme to Promote EV manufacturing of Electric Passenger Cars in India, which aims to boost local manufacturing of electric vehicles.
- Reduction of Customs Duty: The customs duty on the import of completely assembled electric four-wheelers will be reduced from the current rate of 70-100% to 15%. This reduction applies to vehicles valued at $35,000 and will be in effect for five years.
Key Takeaways:
Implications for India’s Automotive Ecosystem:
Conclusion:
- The Scheme to Promote Manufacturing of Electric Passenger Cars in India represents a significant step towards localizing EV manufacturing.
- However, its success will depend on effective technology transfer, support for domestic manufacturers, and a balanced approach that considers the broader automotive ecosystem.
- As India aims to enhance its position in the global EV market, careful implementation of this policy will be crucial for achieving sustainable growth in the sector.
La Excellence IAS Academy, the best IAS coaching in Hyderabad, known for delivering quality content and conceptual clarity for UPSC 2025 preparation.
FOLLOW US ON:
â—‰ Youtube : https://www.youtube.com/@CivilsPrepTeam
â—‰ Facebook: https://www.facebook.com/LaExcellenceIAS
â—‰ Instagram: https://www.instagram.com/laexcellenceiasacademy/
GET IN TOUCH:
Contact us at info@laex.in, https://laex.in/contact-us/
or Call us @ +91 9052 29 2929, +91 9052 99 2929, +91 9154 24 2140
OUR BRANCHES:
Head Office: H No: 1-10-225A, Beside AEVA Fertility Center, Ashok Nagar Extension, VV Giri Nagar, Ashok Nagar, Hyderabad, 500020
Madhapur: Flat no: 301, survey no 58-60, Guttala begumpet Madhapur metro pillar : 1524, Rangareddy Hyderabad, Telangana 500081
Bangalore: Plot No: 99, 2nd floor, 80 Feet Road, Beside Poorvika Mobiles, Chandra Layout, Attiguppe, Near Vijaya Nagara, Bengaluru, 560040
