Tesla’s Electrifying Journey into India’s Land of Opportunities

In order to explore opportunities in India‚Äôs electric vehicle market, a high-ranking delegation from Tesla Inc. met with Union Commerce Ministry officials in New Delhi. Facing initial opposition from domestic automakers regarding reduced import duties, Tesla has been trying to enter the Indian market for the last 2 years. Tesla was advised by the Indian government to assemble cars in India using the completely knocked down (CKD) method, which incurs a lower duty of 10% compared to 70% for imported cars exceeding $40,000.Work has been commenced by Ola Electric, an electric vehicle maker, on its first cell factory in India, … Continue reading Tesla’s Electrifying Journey into India’s Land of Opportunities