Business News
Home > Business News
Centre considers lowering EV tariff to lure Musk's Tesla: Report
TIWN
TIWN

PHOTO : TIWN
New Delhi, Nov 13 : 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.
Add your Comment
Comments (0)
More Business News
- India’s industrial growth at 3.5 pc in July signals healthy recovery: Economists
- AI to unlock $500 billion opportunity for India’s tech services: Report
- India’s credit rating upgrade to boost investors’ confidence, drive foreign capital inflows
- Centre to update WPI, IIP; announces launch of new Producer Price Index
- S&P Rating's growth projection for India is no surprise: SBI Research