Tesla ready to drive in up to USD 2 billion, but with riders
According to sources aware of the matter, Tesla has approached the union government with a detailed proposal linking the quantum of investment to the number of cars it can import at lower duty. The company is willing to invest up to $500 million if the government extends concessional tariff for 12,000 vehicles and can increase this up to $2 billion if the reduced duty is approved for 30,000 vehicles.
Tags : tesla investment import duty teslas model y ministry of finance concessional tariff electric vehicles factory
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