India May Slash Import Tax On Electric Cars After Tesla Lobbying: Report

For EVs valued at more than $40,000, it is looking at cutting the rate to 60% from 100%, the officials said.

India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc's appeals for a cut polarised the country's auto industry. For imported electric vehicles (EVs) with a value of less than $40,000 - including the car's cost, insurance and freight - the government is discussing slashing the tax rate to 40% from 60% presently, the officials told Reuters. For EVs valued at more than $40,000, it is looking at cutting the rate to 60% from 100%, they said. "We haven't firmed up the reduction in duties yet, but there are discussions that are ongoing," one of the officials said.