Elon Musk-led Tesla’s India entry: Modi government’s new EV policy may help cos like Tesla test waters

Feb 21, 2025 - 12:30
Elon Musk-led Tesla’s India entry: Modi government’s new EV policy may help cos like Tesla test waters

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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.

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