India Union Budget 2025: Big boost for US-based EV makers: India’s Union Budget 2025-26 announces slash in custom duties on EV battery materials, who will be the biggest beneficiaries?
India’s Union Budget 2025 is finally out, and with it comes big news for electric vehicle manufacturers. Finance Minister Nirmala Sitharaman, during the Union Budget, took a call that EV battery components that had to face major customs duties will now see some relief. The basic customs duties for the lithium-ion batteries used for electric…