New Delhi, July 3 (TIWN) Rise in the use of electric vehicles will result in increasing imports to India from Germany, said a Grant Thornton Bharat-FICCI report.

The report cited that total import to India from Germany has increased by 3.56 per cent for the period April 2020-January 2021.  “Germany delivers a $11,420 (9,480 euros) subsidy for EVs, with $4,192 (3,480 euros) of that chipped in by OEMs. The economic and trade relations between the countries are strong, with Germany being India’s largest trading partner in Europe.”  “India and Germany aim to partner by leveraging advantages on each side and intensify cooperation on next-generation technologies, including ‘Internet of Things’ (IoT).”