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  • yash

    •

    7 months

    Rushlane created an Intentional Mess. News Websites should be morally responsible

    This headline makes it seem that Government has cut the import duty in India for electric vehicles But what has happened is Government has made revision to SMEV policy they launched last year What does that mean A car maker who invests 4000 crore in india for EV can import 8000 units of cars priced over 35 lakhs at a confessional rate of 15 percent (rate at which ckd are brought to Indian) for 5 years (total of 40,000 cars) Other conditions are minimum of 2.5k crore revenue must be generated and 40 percent value addition must be provided So no fully built cars are still expensive and only those who invest in India will get some concession. This clickbaity article created roar on internet and misinformed people that duties have been cut. Rushlane should be morally responsible and this was a cheap way to increase views on their website
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