India turns down Tesla Inc demand for EV tax breakBloombergIndia turned down a demand of Elon Musk’s Tesla Inc for tax breaks to import electric vehicles (EVs), saying that rules already allow bringing in partially built vehicles and assembling them locally at a lower levy. Tesla has yet to present a plan for local manufacturing and procurement from India, even after the government asked for it, Johri said. India has asked Tesla to consider importing so-called knocked-down units or partially built vehicles, which attract a lower import levy, instead of fully built units. Tesla should follow the lead of domestic companies such as Mahindra & Mahindra Ltd and Tata Motors Ltd, which are investing in building local capacity for electric vehicles, Johri said. “There are others importing completely built units.

Source: Taipei Times February 04, 2022 22:12 UTC