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India considers tax cuts for induction cooktops to slash prices and boost local makers

Economy
Published on 24 April 2026
India considers tax cuts for induction cooktops to slash prices and boost local makers

GST and customs duty cuts could redraw appliance costs

India is considering lowering customs duties on induction cooktop components and reducing GST on the appliances themselves. The move is intended to encourage local manufacturing, improve supply conditions, and make electric cooking more affordable. To tackle lingering demand-supply gaps and price volatility, the government is also easing quality control orders selectively to protect raw material availability.

  • Proposed customs duty cuts target induction cooktop components
  • GST reductions could lower final appliance prices
  • Policy aims to boost local manufacturing and affordability
  • Quality control rules may be relaxed case by case to keep supplies steady
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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