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13 Nov
11:31

India mulls lowering EV tariff to lure Tesla: report

The Indian government is reportedly considering a request by Elon Musk’s Tesla to reduce import tariffs for electric vehicles to 15%. Citing government officials, the Financial Times reported that Tesla has asked the government for an initial import tariff concession which would allow the automaker to offset the country’s high customs duties. Currently, the South Asian nation charges a 70% tariff for cars valued under $40,000 and 100% for cars worth $4…
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