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Siam Electric Vehicles Latest News

The automobile industry body says that the tight deadlines for two-wheeler and three-wheeler manufacturers will disrupt the industry, already facing challenges due to BS-VI regulations and new safety norms.

Electric Two-Wheeler, Three-Wheeler Targets Need To Be Practical: SIAM

The Society For Indian Automobile Manufacturers (SIAM) has welcomed the central government's move to lower the import duty on CKD and SKD of electric vehicle components. The notification issued by the government earlier this week stated that the parts and components for electric vehicles imported in the country will be lowered by 10 to 15 per cent. Previously, the vehicle parts and components imported for assembly in India attracted an import duty of 15 to 30 per cent. The Central Board of Indirect Taxes and Customs (CBIC) has created a separate category for parts and components for electric vehicles. The CBIC has also removed customs duty exemption to battery packs for electric vehicles and also doubled the duty on battery packs for mobile phones.

Union Budget 2019: SIAM Welcomes Government's Cut On Import Duty For Electric Vehicle Components

In its 10th Annual General Meeting, SMEV announced that the new verticals heads will be responsible for creating awareness of electric vehicles in their respective fields and also represent the body on various platforms related to electric mobility.

SMEV Announce Its Electric Mobility Strategy; Appoints New Vertical Heads

Ahead of the Budget, automobile industry body SIAM has asked the government to restore incentives given on research and development in the form of weighted tax deduction to previous level. In its pre-budget wish list, the Society of Indian Automobile Manufacturers has also sought inclusion of certain imported electric vehicle parts in preferential tariff list to help promote the eco-friendly technology.

SIAM Seeks R&D Incentive In Budget, Support For EV Parts Import

The paper has been brought out in line with the government's vision of 100 per cent electric for public mobility and 40 per cent electric for personal mobility by 2030.

SIAM Proposes All New Vehicle Sales In India To Be EVs By 2047

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