<ul><li>India finalizes a new EV scheme offering import tax cuts for foreign automakers investing in local electric car production.</li><li>Companies can import up to 8,000 electric four-wheeler units annually at a lower duty of 15% by investing Rs 4,150 crore to produce EVs in India.</li><li>The application window for the scheme will open in a couple of weeks for a minimum of 120 days.</li><li>Automobile manufacturers like Mercedes-Benz, Volkswagen, Skoda, Hyundai, and Kia have shown interest in the new policy to boost electric mobility.</li></ul>

India finalises new EV scheme, offers import tax cuts for local production

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