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Home » Musk’s Cheap Tesla for India
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Musk’s Cheap Tesla for India

News DeskBy News Desk16 November 2022Updated:17 November 2022No Comments1 Min Read
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Musk Plans to Make Low-cost Tesla for Developing Markets Like India

Musk considers making low-cost Tesla for markets like India and Indonesia
He said this in a virtual address to a business forum meeting during the ongoing G-20 summit in Indonesia
For a long time, Musk has been at odds with India over Tesla’s entry into the Indian market
India wants him to set up a local factory
However, Musk is not quite keen on the idea
Instead, he wants India to reduce its high import taxes on electric vehicles
India currently imposes a 100 per cent duty on fully imported cars with a Cost, Insurance, and Freight (CIF) value of over $40,000
Government is apprehensive about slashing taxes as it fears it would discourage other automakers

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