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Impact of Customs Duty Exemptions on Critical Minerals for EV Manufacturing: By Yogesh Bhatia, MD & CEO, LML

Summary by autoguideindia.com

India’s Electric Vehicle (EV) industry is witnessing a surge in momentum, fuelled by continued government support to drive its growth and development. In a significant move, the recent Union Budget announced a full exemption of basic customs duties on cobalt powder, lithium-ion battery waste and scraps, and critical minerals like lead and zinc. These minerals play a crucial role in lithium-ion battery manufacturing, enhancing battery performance…

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autoguideindia.com

Impact of Customs Duty Exemptions on Critical Minerals for EV Manufacturing: By Yogesh Bhatia, MD & CEO, LML

India’s Electric Vehicle (EV) industry is witnessing a surge in momentum, fuelled by continued government support to drive its growth and development. In a significant move, the recent Union Budget announced a full exemption of basic customs duties on cobalt powder, lithium-ion battery waste and scraps, and critical minerals like lead and zinc. These minerals play a crucial role in lithium-ion battery manufacturing, enhancing battery performance…

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autoguideindia.com broke the news in 1 day ago on Friday, February 21, 2025.

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