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3 insights to kick-start your day, featuring lower import duty for electric cars
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![3 insights to kick-start your day, featuring lower import duty for electric cars](https://img.etimg.com/thumb/msid-104535075,width-1015,height-761,imgsize-133748,resizemode-8/prime/primeshots/3-insights-to-kick-start-your-day-featuring-lower-import-duty-for-electric-cars.jpg)
Synopsis
In Primeshots today: Electric cars may pay lower import duty; Dr. Reddy’s to study weight-loss drug; and Swiggy gets valuation mark-up.
EV drive This just happened. India may slash import duty on electric cars if companies promise local manufacturing and sourcing in the future. Hidden in plain sight. Elon Musk has been expressing his desire to bring Tesla to India but often highlighted high import duties. Currently, the duties are 70% for cars priced less than USD40,000 and 100% if they exceed USD40,000 (around INR33 lakh). The government is reportedly looking to slash import
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