In response to Tesla’s request that India reduce import tariffs on electric vehicles (EVs) as a prerequisite for setting up a manufacturing plant in the country, the Centre is considering a 15 per cent reduction in customs duties for EVs across all price ranges, Financial Times reported on Monday.
India currently imposes high customs duties, with a 70 per cent tariff for cars valued under Rs 33.31 lakh ($40,000) and 100 per cent for cars priced that much or higher. The tariff concession under consideration would apply to all international EV manufacturers and not just Elon Musk’s company, the publication reported.
