‘India mulls sharp cuts on EV levies after Tesla push’
The Hindu
‘May lower import duty to 40-60%’
India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc’s appeals for a cut polarised the country’s auto industry. For imported electric vehicles (EVs) with a value of less than $40,000 including the car’s cost, insurance and freight, the government is discussing slashing the tax rate to 40% from 60% presently, the officials told Reuters. For electric vehicles valued at more than $40,000, the government is looking at cutting the rate to 60% from 100%, they said.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
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Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
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