Import duty sops unlikely for Tesla

Tesla officials have reached out to various government departments, reviving plans for India. "They (Tesla) have approached us," an official of heavy industries ministry said. Tesla has been eyeing the Indian market to sell its popular electric cars. The company had sought a 40% import duty on fully assembled electric cars against the current rate of 60% applicable on those priced below $40,000 and 100% on those retailed above that.

from Auto-Industry-Economic Times https://ift.tt/7G4hF10