Tesla may invest $2 billion for manufacturing in India but with conditions
Tesla is eyeing an investment of up to $2 billion to set up its factory in India if it gets a 15 per cent concessional duty on imported vehicles in its first two years here, The Economic Times (ET) reported on Friday.
The US-based carmaker has provided the Centre with a proposal for the investment, the report added. If it gets a concessional duty for 12,000 vehicles, it may invest $500 million in India. This may go up to $2 billion if the concession extends to 30,000 vehicles.
The Centre, on the other hand, may push for a concessional tariff on Tesla’s 10,000 units for the first year and 20 per cent in the second. Currently,
