India to give Musk's Tesla & peers what they want, but only if they bet on its production prowess
The Indian government is considering reducing import duty on fully built units for companies like Tesla in order to boost domestic manufacturing. Under the proposed policy regime, technologically advanced vehicle manufacturers would be required to source components locally. The import duty on green cars could be lowered from 100% to as low as 15% if carmakers agree to manufacture their vehicles in India and increase local sourcing of parts.
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