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How will lower import tax duties for Tesla EVs impact Indian car makers?

The Indian government is considering a new electric vehicle (EV) policy that would reduce import taxes for car companies, potentially allowing high-end EV manufacturers like Tesla to enter the Indian market. Under the policy, carmakers committed to local manufacturing would receive a substantial tax cut. Presently, cars priced above $40,000 face a 100% import tax, but the new policy could lower the tax rate to as low as 15%. This move could benefit Tesla and other luxury car manufacturers, but may pose challenges for local mass-market car manufacturers.

ev in india: India sees over 120% growth in EVs, hybrid vehicles surge 400%

India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed. The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors.

Chandigarh EV Policy: Non-Electric Two-Wheeler Registrations To End In July, Four-Wheelers To Follow In December

Chandigarh EV Policy: Non-Electric Two-Wheeler Registrations To End In July, Four-Wheelers To Follow In December
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