India weighs steep cut in import tax for EVs assembled in country

NEW DELHI, India: In response to a proposal from Tesla, which is keen to enter the domestic market, India is working on a new electric vehicle (EV) policy that would cut import taxes for automakers that commit to some local manufacturing.

Compared to the current 100 percent that applies to cars which cost above $40,000 and 70 percent for the remainder, the policy being considered could allow automakers to import