Today: 29 October 2025
15 November 2023
1 min read

India Considers Tariff Cut for Tesla

Tesla had asked for the concession as a condition for constructing a plant in the country. The reduced tariffs would apply to all EV manufacturers….reports Asian Lite News

The Centre is considering a request from Elon Musk-run Tesla to lower tariffs for imported electric vehicles (EVs) as the company looks into setting up a plant in the country, a media report said on Monday.

According to the Financial Times, citing sources, the automaker has asked the government for an initial tariff concession that would offset India’s steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000.

“Their view has always been that they need some tariff concessions at least in the interim period. It would have some kind of sunset clause,” one of the officials was quoted as saying.

Tesla had asked for the concession as a condition for constructing a plant in the country. The reduced tariffs would apply to all EV manufacturers.

The officials stated that the reduced rate under consideration would be 15 per cent for EVs of all prices, but that the policy had not yet been agreed upon within the government, the report mentioned.

“We want to create a package which is good for India and which doesn’t become a curated package for one company. Others are free to take advantage of this window, subject to meeting these kinds of requirements,” one of the officials stated.

In September, a report said that Tesla is planning to build a factory for battery storage in India and has submitted a proposal for the same to the government.

The electric car-maker proposed supporting the country’s battery storage capabilities with its ‘Powerwall’ during recent meetings.

Musk is also aiming to build a Tesla supply system in India.

ALSO READ: Hyundai’s New Plant to Produce 200,000 EVs Annually

Previous Story

Anand Patwardhan Reflects on 50 Years of Documentary Filmmaking

Next Story

In Memoriam: Biki Oberoi’s Legacy in Indian Hospitality

Latest from India News

Tel Aviv Halts Progress on West Bank Bills

The vote was carried out during US Vice-President J.D. Vance’s visit to the country….reports Asian Lite News Israel has frozen the West Bank annexation bills that had cleared a preliminary vote in

India Hails Trump’s Role in Gaza Deal

Delhi credits Washington for reviving hopes of Middle East stability…reports Asian Lite News India has praised US President Donald Trump for his role in securing the landmark Gaza agreement, saying the move

India, Oman Cement Defence Partnership

The officials of two nations also held talks on capability development, professional military education and new avenues for partnership…reports Asian Lite News The Indian Army and Royal Army of Oman held the

IBPC lights up Diwali for UAE workers

IBPC Dubai celebrates Diwali with heartwarming gestures, distributing sweets and spreading joy across UAE labour camps, reinforcing its commitment to compassion, community upliftment, and cultural unity this festive season. The Indian Business

Kerala CM begins Gulf tour

Kerala CM Pinarayi Vijayan begins Gulf tour in Bahrain, engaging expatriate community and promoting welfare initiatives for NRKs, strengthening diaspora ties and showcasing Kerala’s development achievements….reports Asian Lite News Kerala Chief Minister
Go toTop

Don't Miss

Special Stamp to Mark Indo-UAE Ties

Emirates Post Group, in collaboration with India Post, has issued

Injury Clouds Hopes

With Ravindra Jadeja coming out to bat, the look on