Elon Musk-led Tesla to drive into India soon? Government firms up policy for concessional import duties

Tesla in India soon? Elon Musk-led US electric automaker Tesla is on the verge of entering the Indian market as the government is finalizing a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. India aims to boost employment and reduce prices of electric vehicles through local manufacturing.

Feb 15, 2024 - 09:00
Elon Musk-led Tesla to drive into India soon? Government firms up policy for concessional import duties
Tesla in India soon? Elon Musk-led US electric automaker Tesla is on the verge of entering the Indian market as the government is finalizing a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. India aims to boost employment and reduce prices of electric vehicles through local manufacturing.