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The government has launched the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). Eligible carmakers investing at least $500 million and meeting localization and turnover milestones can import high-end EVs (above Rs 30 lakh) at a reduced 15% duty for five years. A cap of 8,000 units per year applies.
short by / 05:38 pm on 07 Jun
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