By Aditi Shah, Aditya Kalra and Nikunj Ohri NEW DELHI (Reuters) - India is working on a new electric vehicle policy that would slash import taxes for ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW DELHI - India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
The lower import taxes could help Tesla sell its full range of models in India, and not just the new car it wants to make locally, said a third source. Tesla first tried to enter India in 2021 by pushing officials to lower the 100% import tax for EVs. Last year, the talks between Tesla and the Indian government collapsed when officials conveyed the company would have to first commit to local manufacturing.
One of the sources said Tesla told Indian officials a potential India factory could operate at full capacity by 2030.
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