India cuts import taxes on EVs in win for Tesla’s entry plans


This post is by Manish Singh from TechCrunch


India will lower import taxes on certain electric vehicles for companies committing to invest at least $500 million and setting up a local manufacturing facility within three years, a move that could potentially bolster Tesla’s plans to enter the South Asian market. Companies must invest a minimum of $500 million in the country and will […] © 2024 TechCrunch. All rights reserved. For personal use only.