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Reputation: 642,681 • Nov 18, 2023 4:36 PM

Indian carmakers up in arms against duty cuts on high-end EVs for Tesla & co

Indian automakers, including Tata Motors and Mahindra & Mahindra, voice concerns over potential import duty cuts for luxury electric vehicles like Tesla. The government explores options, considering a temporary reduction. Industry players fear adverse effects on existing investments and market positions.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Indian automakers, including Tata Motors and Mahindra & Mahindra, are concerned about potential import duty cuts for luxury electric vehicles like Tesla.
• The government is considering various options, including a temporary reduction, but no decision has been made yet.
• Industry players fear adverse effects on existing investments and market positions.
https://economictimes.indiatimes.com/industry/renewables/...
#TATAMOTORS #MARUTI #M&M 

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