External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<ul><li>The crux of the EV Policy lies in its strategic initiative to entice Global Original Equipment Manufacturers (OEMs) to establish local production facilities for electric vehicles (EVs), requiring a substantial investment of at least USD 500 million.</li><li>The policy entails a reduction in Custom Duty to 15% (earlier 60%-100%) on import of completely built units with a minimum value of USD 35,000, subject to certain conditions.</li><li>Notably, this incentive is capped at 8,000 units annually and necessitates a gradual increase in local manufacturing, reaching 25% domestic value addition by the third year and 50% by the fifth year. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The crux of the EV Policy lies in its strategic initiative to entice Global Original Equipment Manufacturers (OEMs) to establish local production facilities for electric vehicles (EVs), requiring a substantial investment of at least USD 500 million.The policy entails a reduction in Custom Duty to 15% (earlier 60%-100%) on import of completely built units with a minimum value of USD 35,000, subject to certain conditions.Notably, this incentive is capped at 8,000 units annually and necessitates a gradual increase in local manufacturing, reaching 25% domestic value addition by the third year and 50% by the fifth year. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Automotive Industry Update: Electric Vehicle Policy