Tesla may head to India on incentive-paved road
India imposes 100% import duty on cars with cost, insurance and freight value of more than USD 40,000 (about INR 33 lakh), and 60% for those below that threshold. Tesla is willing to invest up to USD 2 billion if the Indian government offers reduced import duty of 15% on imported electric cars in the first two years of operations, ET reported in December.
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