Official announcement released by Government of India via Press Information Bureau (PIB). Notably, the Budget exempted 35 additional Capital Goods for EV battery manufacturing from Basic Customs Duty (BCD), a targeted initiative designed to boost the production of lithium-ion. The Ministry of Heavy Industries (MHI) had received bids from seven bidders under global tender for 10 GWh ACC manufacturing with maximum budgetary outlay of Rs 3,620 crore.