The automotive industry has welcomed the budget announcement of capital duties exemptions used to manufacture lithium -ion batteries, which is expected to enhance the supply chain for the transition to clean mobility in India, supporting local production. Ta.
“The industry is highly evaluated for rationalization of tariffs on major raw materials and reducing the opposite work structure. The exemption of capital products manufactured by EV battery, stated at a press conference by the Indian Automobile Component Maker Association (ACMA). It is a powerful step to enable India’s transition to power transfer. ”
In addition, 12 important mineral scraps, including copper, cobalt powder, and lithium -ion batteries, are obliged to supply raw materials at a lower cost by the important mineral recycling industry.
Finance Minister of Nirmala Sitharaman also provides policy support, execution roadmaps, governance, and monitoring frameworks to central ministers and states to promote “Make in India in India” We have announced the establishment of a national manufacturing mission that covers. In this framework, support is expanded to clean high -tech manufacturing. The government also aims to improve the construction of solar power cells, EV batteries, motors and controllers, electronic riser, wind turbines, very high voltage transparency, and grid scale batteries.
ACMA stated that these measures support the development of robust EV supply chains and promote sustainable mobility solutions.
In a press conference, Shiresh Chandra, the president of Indian car Society, states export promotion missions and support for integration with global supply chains, and is globally expanded by Indian manufacturers and global. He stated that it was an important initiative that could match the supply chain. 。
Credit and loan support have been extended to small and medium -sized enterprises, including a reinforced credit guarantee cover from 10klone to 20 Crone for startups. According to the Indian Automobile Dealer Association Federation. According to FADA, the funds of a 10,000 -pound core company can support automatic technology startups, fleet lease models, and last mileage distribution projects.
In addition, the industry hopes that personal income tax proposals will spend more money on people, increase fuel consumption, and increase car sales. In the calendar year 2024, with the weakness of consumers, the growth of car sales was registered in four years in 5 % in 2024.
However, the expectations for supporting the rechargeable -frustration to promote the adoption of EVs were not satisfied.
“Electric mobility needs to achieve faster recruitment than the immediate measure in the form of powerful incentives and the rapid expansion of charging networks for fleet electrification. The industry is more than PM. The recent guidelines on charging infrastructure and battery swapping were hoped to position India as a competitive global player in the E-DRIVE on an aggressive scale. If you accelerate the transition to the EV, you may have acquired the mission mode. ”
According to Vidyuta’s CEO and co -founder Ankit Sharma, the demand for the industry to revise the GST rate of lithium -ion batteries and EV charging infrastructure to match the 5 % GST of electric vehicles. EVs are taxed at 5 %, but batteries and charging services are 18 % GST.
Disclosure -2025 February 2, 225 09:37 PM IST
