BMW is all set to introduce the iX electric crossover in our market next month as a completely built unit (CBU) and has suggested that the government should reduce import duties on electric vehicles (EVs) for a limited period or on limited units. According to its senior official, the move can help to pace up EV adoption and in-turn the carmaker could consider local manufacturing of these EVs. The company also says that it will help automakers to bring in new technologies to our market even quicker. BMW believes that demand is the key for local manufacturing and it will help automakers to keep a check on the prices of its EVs. Also Read: All-Electric BMW iX To Make Its India Debut In December 2021 BMW says that the move will help in faster adoption of EVs. Vikram Pawah, President & CEO – BMW Group India told PTI, “What we always do is we create demand for a model and then localise it. We believe these new technologies also have a potential to be localised in future but you need to create a mass demand for that critical mass (for local manufacturing to be viable). Then we can localise by that time these technologies which… Read full this story
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BMW India Suggests Reduction In Import Duties On EVs For Faster Adoption have 302 words, post on www.carandbike.com at November 29, 2021. This is cached page on CuBird. If you want remove this page, please contact us.