Tag: News

Centre mulls incentives for Tesla, provided carmaker sets up manufacturing in India, Auto News, ET Auto

New Delhi: India is open up to contemplating reduced import duty and other incentives for Tesla if the enterprise decided to manufacture its cars in the nation, a senior authorities formal explained to ET.

Tesla has approached the authorities to find reduced customs duty on its cars, reasoning that they must be dealt with as electric vehicles and not luxury automobiles.

“We will be open up to contemplate, specifically if they will set up a manufacturing place right here,” said the formal, who did not want to be discovered. Any conclusion on this depend will be sector precise and not for a certain enterprise.

Electrical vehicles and clean strength have been among the the crucial concentrate regions for the Narendra Modi authorities, which has available various incentives to motivate output of these automobiles in the nation.

The authorities is also in touch with huge world-wide corporations to set up manufacturing

Read More