Elon Musk-led Tesla’s India entry: Modi government’s new EV policy may help cos like Tesla test waters
India is set to unveil regulations to encourage electric vehicle manufacturing, allowing companies like Tesla to test the market before investment. Under the SMEC scheme, firms investing $500 million locally can benefit from reduced import duties.
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India is set to unveil regulations to encourage electric vehicle manufacturing, allowing companies like Tesla to test the market before investment. Under the SMEC scheme, firms investing $500 million locally can benefit from reduced import duties. 
