– India to slash EV import duties, currently at 110%– Major shift in policy to attract global EV giants– Tesla could benefit massively – here’s why
– Report by Reuters confirms duty slash is happening– Domestic automakers’ plea to delay rejected– Boost for international EV brands like Tesla
– Tata & Mahindra pushed to delay cut – denied– Local players have invested heavily in factories– Fear of being outpaced as market opens up
-Tesla to import EVs from Berlin
-Planning sub-₹25 lakh EV for India
-Lower duties = lower prices for buyers
-Model Y (20% cheaper version) could follow
– India’s EV market = just 2.5% today– Govt wants 30% EVs by 2030– Import cuts seen as fast-track to adoption– But will Indian brands survive the storm?