In Blow to Tesla, India Says Not Planning to Cut EV Import Tax - Bloomberg

India’s government said it’s not currently considering reducing taxes on imported electric vehicles, a stance that could delay Tesla Inc.’s plan to enter the market.

“Presently, there is no proposal either to provide an exemption from local value addition cost or to provide a subsidy on the import duty on electric vehicles in India,” Som Parkash, junior minister of the Ministry of Commerce and Industry, told parliament late Wednesday.

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