‘India mulls sharp cuts on EV levies after Tesla push’
The Hindu
‘May lower import duty to 40-60%’
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 electric vehicles valued at more than $40,000, the government is looking at cutting the rate to 60% from 100%, they said.
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