Cheer for EV battery makers as machinery imports to cost less

[Bilgin]

Cheer for EV battery makers as machinery imports to cost less The finance minister's decision to exempt capital goods and machinery needed to manufacture lithium-ion cells locally will lead to lower EV costs in the long term, as the move gives India's leading infrastructure players and EV battery manufacturers, who have made large long-term bets to develop a nascent and capital-intensive sector a fresh flourish