Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million

Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million

India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million (roughly Rs. 4,142 crore) in investment and manufacturing facilities within three years, potentially bolstering Tesla’s plans to enter the market. The policy is a big win for Tesla as…