India launches Rs 500 crore EMPS 2024 scheme, aiming to boost electric mobility with subsidies until July, supporting over 370,000 vehicles and creating job opportunities.
JSW Group is set to invest 400 billion rupees ($4.81 billion) in electric vehicle (EV) manufacturing projects in Odisha, as it takes on both domestic and international players in India's small but booming EV market.
At present, cars imported as Completely Built Units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and Cost, Insurance and Freight (CIF) value less or above USD 40,000.