The Centre is unlikely to offer any import duty concessions to Elon Musk’s Tesla unless the company considers local investment, a report by the Economic Times (Et) said.
In an effort to revive plans for India, Tesla officials have contacted numerous government agencies. “They (Tesla) have approached us,” said an official of the heavy industries ministry.
Tesla is aiming to sell its popular electric cars in the Indian market.
The company had asked for a 40 per cent import duty on fully assembled electric cars as opposed to the current rates of 60 per cent on cars under $40,000 and 100 per cent on those over that price, the report said.
