Budget 2025: Indian government removes customs duties on key EV battery materials

Briefing
Policy & Regulation
ATI News Team

The government announces exemptions and missions to promote EV manufacturing, aiming to integrate into global supply chains and enhance competitiveness

In an effort to bolster domestic manufacturing of lithium-ion batteries and advance electric vehicle technology, the Indian government, under Finance Minister Nirmala Sitharaman's announcement during the Budget 2025 speech, will extend basic customs duty (BCD) exemptions to 35 additional capital goods essential for producing EV batteries.

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