Govt may consider lowering import tax for Tesla on 2 conditions. Check details

The government may consider lowering taxes on Tesla's imported electric vehicles if it fulfils two conditions related to manufacturing and procurement. Here is all you need to know.

The government may consider offering tax breaks to Tesla as the US-based electric vehicle (EV) manufacturer plans to start selling operations in India. There are, however, two conditions that Elon Musk’s Tesla will have to fulfil in order for the government to consider any reduction in import tax on completely built units (CBU) car models, reported Bloomberg News.