{"id":619555,"date":"2023-11-25T10:38:48","date_gmt":"2023-11-25T05:08:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=619555"},"modified":"2023-11-25T12:34:05","modified_gmt":"2023-11-25T07:04:05","slug":"tesla-ready-to-invest-up-to-2-bln-to-build-india-factory-but-with-riders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tesla-ready-to-invest-up-to-2-bln-to-build-india-factory-but-with-riders\/","title":{"rendered":"Tesla ready to invest up to $2 bln to build India factory, but with riders"},"content":{"rendered":"<p>Bengaluru: Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday.<\/p>\n<p>Reuters reported in August that India is working on a new EV policy to slash import taxes to as low as 15% &#8211; compared to the current 100% on cars priced above $40,000 and 70% for the rest &#8211; in exchange for a commitment to some local manufacturing.<\/p>\n<p>The Elon Musk-led electric vehicle (EV) maker is willing to invest up to $500 million if the government approves the reduced duty for 12,000 vehicles and up to $2 billion if the concession is for 30,000 vehicles, the ET report said, citing unnamed sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru: Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. Reuters reported in August that India is working on a new EV policy to slash import taxes to as low as 15% &#8211; compared to the current 100% on cars priced above $40,000 and 70% for the rest &#8211; in exchange for a commitment to some local manufacturing. The Elon Musk-led electric vehicle (EV) maker is willing to invest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-619555","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/619555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=619555"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/619555\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=619555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=619555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=619555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}