Tesla’s Call for Tax Breaks Rejected by India in Fresh Blow
- Current tax structure supports local assembly, official says
- Imported EVs can attract import duties of as much as 100%
Vehicles at a Tesla dealership.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
India turned down a demand of Elon Musk’s Tesla Inc. for tax breaks to import electric cars, saying rules already allow bringing in partially-built vehicles and assembling them locally at a lower levy.
“We looked at whether the duties need to be re-jigged, but some domestic production is happening and some investments have come in with the current tariff structure,” Vivek Johri, chairman of the Central Board of Indirect Taxes and Customs, said in an interview Thursday. “So, it is clear that this is not a hindrance.”