Tesla Inc (TSLA.O) has written to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said.
A Tesla logo is pictured on a car in the rain in the Manhattan borough of New York City, New York, U.S., May 5, 2021. REUTERS/Carlo Allegrihas written to Indian ministries seeking a big reduction in import duties on electric vehicles , a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said.
Tesla, which aims to begin sales in India this year, said in a letter to ministries and the country's leading think-tank Niti Aayog that slashing federal taxes on imports of fully assembled electric cars to 40% would be more appropriate, according to the sources. According to Tesla's U.S. website, only one model - the Model 3 Standard Range Plus - is priced below $40,000.
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