Hyperdrive
Indian Minister Visits Tesla Plant as EV Tax Cuts Being Mulled
- Government considering import duty cuts, people familiar say
- EVs made up just 1.3% of total passenger cars sold last year
Automobiles produced by Tesla Inc.
Photographer: Odin Jaeger/BloombergThis article is for subscribers only.
India’s trade minister hailed Tesla Inc.’s ties with the South Asian nation during a tour of one of the company’s US plants as the government seeks to woo investment from electric vehicle makers.
Piyush Goyal, who visited Tesla’s factory in Fremont, California on Monday, said the company was on track to double its imports of components from India. Goyal is in the US this week to participate in regional trade meetings and was expected to meet with Tesla’s Chief Executive Office Elon Musk.