India, Feb. 3 -- In a significant move aimed at promoting the electric vehicle (EV) sector, the Union Budget 2025 has announced a waiver on customs duties for key EV battery components. This strategic decision is set to reduce the cost burden on manufacturers, encouraging further investment in the rapidly growing EV market. By exempting duties on crucial materials like cobalt powder, zinc, and other essential components, the government aims to foster a competitive and sustainable EV ecosystem in India. The move aligns with the nation's commitment to reducing carbon emissions and achieving environmental sustainability. This initiative is expected to support both domestic manufacturers and global players, boosting the production of electric...