India ends import duty for items needed to make EV batteries, phones

India ends import duty for items needed to make EV batteries, phones

India will impose no import duties on several goods used to manufacture electric vehicle batteries and mobile phones amid broader tariff cuts to help local producers withstand the potential impact of reciprocal US tariffs, Reuters reported, quoting finance minister Nirmala Sitharaman, who said: “We aim to boost domestic production and enhance export competitiveness by reducing duties on raw materials.”  India will exempt from import duty 35 item…