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The MoS said that automakers cited rare earth curbs, ongoing India-EU FTA negotiations and investment thresholds as reasons for not participating in the scheme
Additionally, OEMs informed the ministry that the investment thresholds and timelines under the scheme would impact the achievement of domestic value addition targets
Approved last year, the SPMEPCI allowed global automakers to pay lower duty on imports of electric four-wheelers if they committed to invest INR 4,150 Cr in…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The MoS said that automakers cited rare earth curbs, ongoing India-EU FTA negotiations and investment thresholds as reasons for not participating in the scheme
Additionally, OEMs informed the ministry that the investment thresholds and timelines under the scheme would impact the achievement of domestic value addition targets
Approved last year, the SPMEPCI allowed global automakers to pay lower duty on imports of electric four-wheelers if they committed to invest INR 4,150 Cr in…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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