India Wants Tesla Sourcing Plans, Roadmap Before Any Tax Breaks
- Details sought from electric carmaker in meeting this month
- Tesla said to procure $100 million of components from India
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India has asked Tesla Inc. to ramp up local procurement and share detailed manufacturing plans before the carmaker’s demands for lower taxes on electric vehicles are considered, a person with the knowledge of the matter said.
The ministries of heavy industries and finance sought the details from Tesla in a meeting earlier this month even as the government examines billionaire Elon Musk’s demand for lower taxes on EVs in Asia’s third-largest economy, the person said, asking not to be identified because the discussions are private.