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India considering slashing import duties on electric cars after Tesla appeal
- Monday | 9th August, 2021
NEW DELHI (Reuters) – India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc’s appeals for a cut polarised the country’s auto industry. “Reducing import duties is not a problem as not many EVs are imported in the country. Automakers including Daimler’s Mercedes-Benz and Audi have for years lobbied for lower import duties on luxury cars but faced strong resistance mainly from domestic companies. Mercedes, Jaguar Land Rover and Audi sell imported luxury EVs in the country. Opposing the proposed cut are Tata Motors, which produces affordable electric cars in the country, and Softbank Group-backed Ola, which is making electric scooters in India.
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