December 1, 2022

EUNews24

Latest Breaking News, European Affairs

Tesla’s Call For Tax Breaks Rejected By Government In Fresh Blow

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3 min read
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Read Time:2 Minute, 48 Second

Prime Minister Narendra Modi’s administration has encouraged Tesla to produce locally, while Musk wants India to lower taxes — as high as 100% on imported EVs — to enable the company to first sell vehicles built elsewhere at competitive prices. However, it levies import duties of between 15-30% on parts shipped for assembly in the nation.

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