Elon Musk-run Tesla likely to get lower tariffs on imported electric vehicles as Indian government considers request from company: Report
Image Credit: Tesla
The Centre is considering a request from Elon Musk-run Tesla to lower tariffs for imported electric vehicles (EVs) as the company looks into setting up a plant in the country, a media report said on Monday. According to the Financial Times, citing sources, the automaker has asked the government for an initial tariff concession that would offset India's steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000.