Hyundai calls for import duty cut on electric vehicles
Hyundai noted that support from the government in terms of taxation and creation of country-wide charging infrastructure were the two most critical factors to grow the EV segment in India. Till the time companies are able to localise EV components and other infrastructure, EV imports could help generate some market in the country (Source: PTI) PTI
Updated Jul 28, 2021, 7:47 AM IST
Any duty rate cut by the government on imported electric vehicles would be very beneficial as it would help automakers generate much-needed volumes and reach some viable scale, South Korean auto major Hyundai said on Tuesday.