Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - National - India’s EV Duty Cut: A Calculated Bet on Tesla and Self-Reliance
    National

    India’s EV Duty Cut: A Calculated Bet on Tesla and Self-Reliance

    Abizar AttariBy Abizar AttariMarch 10, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Economist, CA Sharad Kohli
    Economist CA Sharad Kohli
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New Delhi [India], March 10: India’s recent decision to slash import duties on premium electric vehicles from 110% to 15% is a strategic move, not just an automotive policy shift. According to economist, CA Sharad Kohli, this is India’s way of attracting global EV giants, particularly Tesla, while ensuring substantial local investment.

    The new policy allows automakers to import EVs priced above $35,000 at reduced tariffs, but only if they commit at least ₹4,150 crore ($500 million) to local manufacturing within three years. To maintain these benefits, companies must hit revenue targets of ₹2,500 crore by year two, ₹5,000 crore by year four, and ₹7,500 crore by year five, while gradually increasing local value addition from 25% to 50%.

    For Tesla, this opens a long-awaited door into India with competitive pricing, allowing it to tap into one of the world’s fastest-growing auto markets without the previous cost barriers. As Kohli points out, the policy’s limit of 8,000 premium EVs per year at lower tariffs gives Tesla and others a controlled entry, ensuring they invest in local production rather than just relying on imports.

    But this move is about more than just Tesla. India is positioning itself as a global EV hub while reducing reliance on Chinese-made EV components. By pulling in Tesla and other top-tier EV makers, India strengthens its Make in India agenda, boosts high-value manufacturing jobs, and creates a domestic EV supply chain independent of China.

    This policy also brings India closer to the United States and other Western economies, reinforcing strategic trade partnerships. As Kohli highlights, India isn’t just inviting Tesla to sell cars, it’s leveraging this deal to drive economic self-reliance, technological leadership, and geopolitical advantage in the EV space.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    CA Sharad Kohli Economist EV Duty Cut
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Abizar Attari
    • LinkedIn

    I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.

    Related Posts

    AgriAsia2025 – India’s Largest AgriTech, Livestock & Poultry Expo Returns Bigger Than Ever!

    June 28, 2025

    CoLLearn wins 1st prize in Gaming & Sports Category at Startup Mahakumbh 2025

    June 28, 2025

    Eternia: Spacious Residences For Grand Living

    June 28, 2025
    Add A Comment

    Comments are closed.

    Recent Posts
    • AgriAsia2025 – India’s Largest AgriTech, Livestock & Poultry Expo Returns Bigger Than Ever!
    • CoLLearn wins 1st prize in Gaming & Sports Category at Startup Mahakumbh 2025
    • Eternia: Spacious Residences For Grand Living
    • Debut book The Liar’s Guide by Sanjay Shukla explores the humour and psychology behind everyday lies
    • Dr. Vikas Singhal Honored with Bharat Shri Award 2025 for Advancing Evidence-Based Homeopathic Practice

    AgriAsia2025 – India’s Largest AgriTech, Livestock & Poultry Expo Returns Bigger Than Ever!

    June 28, 2025

    CoLLearn wins 1st prize in Gaming & Sports Category at Startup Mahakumbh 2025

    June 28, 2025

    Eternia: Spacious Residences For Grand Living

    June 28, 2025

    Debut book The Liar’s Guide by Sanjay Shukla explores the humour and psychology behind everyday lies

    June 28, 2025

    Dr. Vikas Singhal Honored with Bharat Shri Award 2025 for Advancing Evidence-Based Homeopathic Practice

    June 28, 2025

    Cambridge Schools Introduce Career Readiness Programs, Redefining Summer Learning

    June 28, 2025
    PNN Digital
    2025 © pnn.digital

    Type above and press Enter to search. Press Esc to cancel.