Tesla's India entry stalled as local firms resist lower duties
Image Credit: Tesla
Tesla's ambitious plans to enter the Indian market are stalled again, as the government has not yet agreed to reduce import taxes on electric vehicles (EVs). Homegrown automakers, such as Tata Motors and Mahindra, are pushing back against the US-based EV maker's demands, fearing increased competition. Rajesh Kumar Singh, a top official at the Department for Industry and Trade Promotion, stated that the issue is highly contested and no final decision has been made as of now.