India Removes Import Duties on EV Battery & Mobile Phone Components
To boost domestic manufacturing and exports, India has removed import duties on:
35 key components for EV batteries
28 essential items for mobile phone production
Why the Duty Cuts?
To support local industries and enhance export competitiveness
To counter the impact of US tariffs set to take effect on April 2
As part of ongoing trade talks between India and the US
Trade Negotiations
India is considering tariff cuts on over half of US imports worth $23 billion
A parliamentary committee recently urged lower tariffs on raw materials to help manufacturers
These measures aim to strengthen India’s manufacturing sector and promote global trade partnerships.
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