<ul><li>Finance Minister Nirmala Sitharaman has waived off import duties on EV battery components, reducing them to zero.</li><li>The decision is a part of a long-standing plan to ease compliance and align with evolving global tax norms.</li><li>The waiver is not linked to pressure from the U.S. or the ongoing global trade tensions.</li><li>The move supports India's aspiration to be a manufacturing hub and build capacities for battery manufacturing and advanced chemistry.</li></ul>

Finance Minister Waives Off Import Duties To Zero On EV Components, Claims It Part Of Strategy, Not Pressure From Trump

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