Posted 2/15/2024, 8:20:26 AM
Tesla Considers India Entry as Government Weighs Cutting EV Import Duties
- Tesla may establish presence in India as government considers reducing import duties on EVs over $36,000
- India currently has high import duties up to 100% on cars over $40,000
- Tesla interested in investing up to $2 billion if import duty reduced to 15% for 2 years
- Move aims to encourage foreign automakers to start local manufacturing in India
- Indian automakers concerned about potential competitive edge for Tesla without firm manufacturing commitments