Tesla's EV Tax Concessions In India Likely To Be Temporary, Condition Bound

Tesla, led by Elon Musk, discusses a tariff reduction with the Indian government. A strategic move to establish a manufacturing plant in India is underway.

Tesla proposes a tariff concession to counter India's high customs duty. Current tariffs: 70% for sub-$40,000 cars, 100% for those above.

Tesla suggests a limited-time tariff relief with a sunset clause. If accepted, tariffs for electric vehicles may drop to 15% across all price ranges.

Tesla's proposal extends tariff relief to all electric vehicle manufacturers. Aligns with India's goal of fostering an EV-friendly ecosystem without favoritism.

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