If India cuts import duty, Tesla ready to invest $2 billion in factory
NEW DELHI, India: On November 24, the Economic Times (ET) reported that Tesla is ready to invest up to $2 billion to build a factory in India, providing New Delhi cuts import duty on its vehicles to 15 percent for the first two years of operations.
In August, Reuters reported that in exchange for a commitment to produce EVs locally, India is willing to cut import taxes to as low as 15 percent from the current 1