India: Hybrid lithium-ion batteries duty-exempted

India’s Union Budget 2012-13 has sought to encourage the development of a hybrid and EV market in the country by exempting the lithium-ion batteries and other parts used in hybrid vehicles from customs duties. In addition to full exemption from basic customs duty, the excise duty on lithium-ion battery Subscribe to Automotive World to continue … Continued

• By Webmaster
• March 23, 2012