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tesla india news: Tesla s India plans dealt a blow after minister rules out tax cut

Synopsis Musk has for years showed his eagerness to enter one of the world’s most-promising automobile markets, but complained that Indian rules prohibit him from testing the waters first with imports, as high duties make Tesla cars “unaffordable.” Reuters Tesla last month requested India to cut import duty on electric cars to 40% from the current range of 60%-100%. India said it has no plans to cut import duties on electric vehicles, weeks after Tesla Inc. appealed to the government to slash taxes, and its billionaire chief Elon Musk floated the possibility of a local factory once it starts selling wholly-built units from overseas in the world’s second-most populous nation.

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