the finance minister also proposed to enhance customs duty on semi knockeddown skd forms of passenger evs from 15 per cent to 30 per cent new delhi imported electric vehicles are set to become costlier as finance minister nirmala sitharaman on saturday announced an increase in customs duty on various kinds of such vehicles as the government pushes to promote local productionunder make in india initiative well laidout customs duty rates were preannounced for items like mobile phones electric vehicles and their components this has ensured gradual increase in domestic value addition capacity in india sitharaman said while presenting budget 202021 advt customs duty rates are being revised on electric vehicles evs and parts of mobiles as part of such carefully conceived phased manufacturing plans she addedto push local manufacturing in the ev segment the government has increased customs duty on imported completely built units cbus of commercial evs to 40 per cent with effect from april 1 2020 from 25 per cent currentlythe finance minister also proposed to enhance customs duty on semi knockeddown skd forms of passenger evs from 15 per cent to 30 per centsimilarly the government has proposed to hike customs duty on skd forms of electric buses trucks and twowheelers to 25 per cent from 15 per cent currently with effect from april 1 2020besides the customs duty on completely knockeddown ckd forms of passenger evs threewheelers twowheelers bus and trucks has been proposed to go up to 15 per cent from the current 10 per centread alsonew income tax regime proposed in the union budgetscheme to boost electronic manufacturing will aid ev production experts with the government pushing for green mobility various car makers have launched evs in the country in the past few years besides tata motors mahindra mahindra hyundai motor and mg motor india have also introduced electric modelssimilarly companies like mercedesbenz audi and jlr are also gearing up to introduce electric models in the country with enhanced customs duty on skd forms such vehicles are expected to cost more advt sitharaman also proposed to increase customs duty on cbus of traditional commercial vehicles from 30 per cent to 40 per centthe government also proposed to increase customs duty from 5 per cent to 75 per cent on parts used to manufacture catalytic converters pti published on feb 1 2020 at 0439 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app electric vehicles customs duty budget for auto budget announcements automotive budget homenewsindustryfm nirmala