Govt may lower import duty for Tesla vehicles, but on one condition

The government said it may consider reducing import duty for Tesla as Elon Musk's company gears up to sell electric vehicles in India. But the government has one condition. Here is all you need to know.

The central government has said it may consider lowering import duty and other incentives for Tesla, which is expected to soon start selling its electric vehicles in India. The development comes days after Tesla CEO Elon Musk raised concern over high import duties charged by the country. However, the consideration will only be taken up when if the company decided to manufacture its cars in the country, according to a senior government official quoted in an ET report. Tesla had approached the government earlier to seek a reduction on its cars, adding that they should be treated as electric vehicles and not luxury automobiles.