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The Indian government’s new policy reduces import tax on electric vehicles to 15%. But this concession applies only if foreign companies like Tesla meet certain requirements.
Here are some key points:
• Minimum investment of ₹4150 crore required.
• Manufacturing facilities must be set up within 3 years.
• Achieve 25% localization level within 3 years.
• Achieve 50% localization level within 5 years.
Companies meeting these requirements can import 8000 EVs in a year at a 15% import tax rate. This concession is valid for the next 5 years.
#tesla #teslaindia #electricvehicles #EVPolicy
