NEW DELHI (Reuters) -- Tesla does not want to produce cars in India, a federal minister said on Monday as the government finalized its electric vehicle policy, with the EV giant's plans currently focused on importing cars into the country.
India will significantly cut import taxes for foreign automakers that pledge to invest in domestic EV production lines. The policy, which has been in the works for a year, was originally designed to attract Tesla to set up manufacturing in the country but CEO Elon Musk put his investment plans for India on hold last year.
