BUDGET
Budget 2026: Govt Cuts Customs Duty on EV Components to Boost Domestic Manufacturing
PTI
AI Summary
The Union Budget 2026 reduced customs duty on EV battery components, motors, and charging infrastructure from 18% to 10%. The government aims to attract ₹50,000 crore in EV manufacturing investments and create 2 lakh jobs by 2030. This complements the ₹5,000 crore Production Linked Incentive scheme for advanced chemistry cells. Source: PTI.
Generated by Straico · Source: PTI