What Is The Main Crux Of The EV Policy? Axis Securities Analysis

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.The crux of the electric vehicle policy lies in its strategic initiative to entice global original equipment manufacturers to establish local production facilities for electric vehicles, requiring a substantial investment of at least $500 million. The policy entails a reduction in custom duty to 15% (earlier 60%-100%) on import of completely built units with a minimum value of $35,000, subject to certain conditions. Notably, this incentive is capped at 8,000 units annually and necessitates a gradual increase in local manufacturing, reaching 25% domestic value addition by the third year and 50% by the fifth year. Furthermore, the policy introduces stringent bank guarantee requirements to offset the foregone import duty, ensuring accountability and safeguarding against tax revenue loss..Stocks which could see positive reaction from the announcement are: Sansera Engineering Ltd., Uno Minda Ltd. and Minda Corporation Ltd..Click on the attachment to read the full report:.India's New EV Policy Presents At Least $2.1-Billion Localisation Opportunity.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

What Is The Main Crux Of The EV Policy? Axis Securities Analysis

Limited impact on passenger vehicle OEMs; positive for auto ancillaries

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What Is The Main Crux Of The EV Policy? Axis Securities Analysis

Limited impact on passenger vehicle OEMs; positive for auto ancillaries

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