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US Said to be Eyeing Zero Tariff on Cars in India Trade Deal as Tesla Entry Nears
Taxes on cars imported into India are as high as 110 percent, which Tesla chief Elon Musk has criticised as being among the steepest in the world. The EV giant last year shelved its plans to enter the world's third-largest car market for a second time.
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Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
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Elon Musk's DOGE Seeks Access To US Tax System: Report
Spearheaded by Elon Musk, Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
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Trump Says May Appoint Elon Musk As Adviser If He Defeats Kamala Harris
Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle purchases and that he would be open to naming Tesla CEO Elon Musk to a cabinet or advisory role.
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Tesla Chief Elon Musk Said to Meet PM Modi in April, Announce India Investment Plans
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.
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Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla's plans to enter the market.
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Import Tax Cut In Government's New EV Policy, Tesla's India Plans Boosted
The government has cut taxes - as much as 85 per cent - on the import of a certain number of EVs, or electric vehicles, as part of a new scheme to "attract investments by reputed global manufacturers".
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Amid Talks With Tesla, India Weighs 5-Year Tax Cuts On EV Imports
India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years
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Tesla Sees Record 466,140 Q2 Vehicle Deliveries Aided by Price Cuts as EV Maker Beats Estimates
Tesla beat analyst expectations in the second quarter, delivering 4,66,140 vehicles despite a difficult market. The nearly half million deliveries represent an 83 percent increase over the same period last year and a 10 percent rise from the previous quarter.
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Tesla Executives Said to Plan Meeting With Government Officials This Week in Pivot Beyond China
Tesla executives are said to plan a visit to India to meet with government officials as the company attempts to diversity outside of China. The visit is said to include meetings with government officials and representatives of the Prime Minister's Office. Tesla CEO Elon Musk previously criticised the government's EV policies and high import taxes, ...
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Mercedes-Benz to Launch Three EVs in 2022, Aims to Capture Indian Luxury EV Segment: Report
Stuttgart-based Mercedes-Benz will launch three new EV luxury cars in India in 2022, according to a report. The company also wants to build a network of fast-charging stations across the country. It could benefit from the absence of Tesla in the country, and plans to start assembling cars locally to keep the prices low.
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Tesla India Executive Reportedly Resigned Weeks After Company Puts EV Plans in the Country on Hold
Tesla India executive Manuj Khurana said to have served his resignation weeks after the company announced to keep the plan to sell EVs in the country on hold. Elon Musk has clarified that Tesla will not set up manufacturing in any location where it was not allowed first to sell and service cars. Meanwhile, PM Narendra Modi has insisted Tesla to com...
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Top Executive Quits After Tesla Puts India Entry Plan On Hold: Report
A key executive who was leading Tesla's lobbying effort in India has resigned
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Tesla Puts India Entry Plan On Hold After Deadlock On Tariffs: Report
Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
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Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
-
US Said to be Eyeing Zero Tariff on Cars in India Trade Deal as Tesla Entry Nears
Taxes on cars imported into India are as high as 110 percent, which Tesla chief Elon Musk has criticised as being among the steepest in the world. The EV giant last year shelved its plans to enter the world's third-largest car market for a second time.
-
Tesla Said to Have Finalised Mumbai’s BKC for Its First Showroom Ahead of India EV Market Entry
Elon Musk’s Tesla has finalised the location for its first showroom in India, according to a report. It is said to have leased a space in Mumbai’s Bandra Kurla Complex, also known as BKC ahead of the company’s anticipated foray into India’s electric vehicle (EV) space. For years, the EV maker faced hurdles related to localised factory inves...
-
Elon Musk's DOGE Seeks Access To US Tax System: Report
Spearheaded by Elon Musk, Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
-
Trump Says May Appoint Elon Musk As Adviser If He Defeats Kamala Harris
Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending a $7,500 tax credit for electric-vehicle purchases and that he would be open to naming Tesla CEO Elon Musk to a cabinet or advisory role.
-
Tesla Chief Elon Musk Said to Meet PM Modi in April, Announce India Investment Plans
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement on plans to invest and open a new factory in the country, two sources with direct knowledge said.
-
Tesla Handed a Boost as Government Promises to Lower EV Import Taxes for Automakers Investing $500 Million
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and manufacturing facilities within three years, potentially bolstering Tesla's plans to enter the market.
-
Import Tax Cut In Government's New EV Policy, Tesla's India Plans Boosted
The government has cut taxes - as much as 85 per cent - on the import of a certain number of EVs, or electric vehicles, as part of a new scheme to "attract investments by reputed global manufacturers".
-
Amid Talks With Tesla, India Weighs 5-Year Tax Cuts On EV Imports
India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years
-
Tesla Sees Record 466,140 Q2 Vehicle Deliveries Aided by Price Cuts as EV Maker Beats Estimates
Tesla beat analyst expectations in the second quarter, delivering 4,66,140 vehicles despite a difficult market. The nearly half million deliveries represent an 83 percent increase over the same period last year and a 10 percent rise from the previous quarter.
-
Tesla Executives Said to Plan Meeting With Government Officials This Week in Pivot Beyond China
Tesla executives are said to plan a visit to India to meet with government officials as the company attempts to diversity outside of China. The visit is said to include meetings with government officials and representatives of the Prime Minister's Office. Tesla CEO Elon Musk previously criticised the government's EV policies and high import taxes, ...
-
Mercedes-Benz to Launch Three EVs in 2022, Aims to Capture Indian Luxury EV Segment: Report
Stuttgart-based Mercedes-Benz will launch three new EV luxury cars in India in 2022, according to a report. The company also wants to build a network of fast-charging stations across the country. It could benefit from the absence of Tesla in the country, and plans to start assembling cars locally to keep the prices low.
-
Tesla India Executive Reportedly Resigned Weeks After Company Puts EV Plans in the Country on Hold
Tesla India executive Manuj Khurana said to have served his resignation weeks after the company announced to keep the plan to sell EVs in the country on hold. Elon Musk has clarified that Tesla will not set up manufacturing in any location where it was not allowed first to sell and service cars. Meanwhile, PM Narendra Modi has insisted Tesla to com...
-
Top Executive Quits After Tesla Puts India Entry Plan On Hold: Report
A key executive who was leading Tesla's lobbying effort in India has resigned
-
Tesla Puts India Entry Plan On Hold After Deadlock On Tariffs: Report
Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
-
Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
