The Finance Ministry is moving to raise excise tax on imported EVs to protect local car production. The EV board meets on 7 September. Unofficial reports say the rate could reach 30-32% from the current 10%, in steps over about a year. Dealers warn of price rises of up to 20% and buyers may cancel bookings. If you sell, service or import cars or parts, check your pending orders and pricing now. Watch for the 7 September decision.
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