The Minister for road transport and highways in India, Nitin Gadkari, has extended a warm welcome to Tesla, but with a condition. In an interview with ET, Gadkari stated that if Tesla were to manufacture its vehicles locally in India, it would receive concessions. The Indian government is reportedly considering a policy framework aimed at attracting technologically advanced vehicle manufacturers like Tesla. The government aims to promote domestic manufacturing of electric vehicles in India and secure Tesla’s commitment to establishing a factory within the country. However, lowering import tariffs may pose a challenge to domestic automakers like Tata Motors and Mahindra & Mahindra, who have invested in local electric vehicle manufacturing.

Source: Economic Times October 26, 2023 05:58 UTC