Tech Tips

Resource Centre » Tech Tips » Tesla lobbies India for sharply lower import taxes on electric vehicles -sources

Tesla lobbies India for sharply lower import taxes on electric vehicles -sources


Tesla lobbies India for sharply lower import taxes on electric vehicles -sources

July 26, 2021 at 8:18 AM

Tesla Inc (TSLA.O) has written to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said.

Its pitch, however, is likely to face resistance from Prime Minister Narendra Modi's administration which has championed high import taxes for many industries in a bid to boost local manufacturing.

Learn more