Customs duty exemption on 35 capital goods for ev battery manufacturing is a crucial boost for the Indian ev segment. This creates an ecosystem for ev batteries, motors, solar PV sales and more.
BCD will be removed from on 35 different types of capital goods used for lithium-ion battery manufacturing. This will bring down the cost of setting up an EV battery manufacturing factory in India.
Global electric vehicle battery reuse and recycling market will reach $25.02 billion by 2032, growing by 43.6% annually over 2022-2032, driven by the need to reduce battery waste, costly battery ...