{"id":335333,"date":"2020-02-03T11:55:14","date_gmt":"2020-02-03T06:25:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335333"},"modified":"2020-02-03T11:55:14","modified_gmt":"2020-02-03T06:25:14","slug":"budget-2020-proposes-hike-in-ev-import-duty-to-promote-domestic-manufacturing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-2020-proposes-hike-in-ev-import-duty-to-promote-domestic-manufacturing\/","title":{"rendered":"Budget 2020 proposes hike in EV import duty to promote domestic manufacturing"},"content":{"rendered":"<p>New Delhi: The Union Budget on Saturday proposed to increase customs duty on import of electric vehicles across categories.<\/p>\n<p>The increase in basic customs duty is in the ranges of 10-40 percentage points across EV segment, and comes in the backdrop of Chinese manufacturers dumping low-quality battery packs for EVs in India.<\/p>\n<p>These measures will result in a rise in prices of existing electric buses and passenger vehicles sold in India by Olectra Greentech, Hyundai Motor India Limited and MG Motor India Limited. These companies import their respective products in a completely knocked down (CKD) or semi knocked down (SKD) form.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Union Budget on Saturday proposed to increase customs duty on import of electric vehicles across categories. The increase in basic customs duty is in the ranges of 10-40 percentage points across EV segment, and comes in the backdrop of Chinese manufacturers dumping low-quality battery packs for EVs in India. These measures will result in a rise in prices of existing electric buses and passenger vehicles sold in India by Olectra Greentech, Hyundai Motor India Limited and MG Motor India Limited. These companies import their respective products in a completely knocked down (CKD) or semi knocked down (SKD) [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-335333","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=335333"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335333\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}