BENGALURU -- The Indian government on Friday announced lower import tariffs on electric vehicles for carmakers willing to eventually begin local production, a move that could attract global companies like Tesla but intensify competition for incumbents like Tata Motors and the Mahindra group.
Automobiles
Tesla gains opening as India slashes tariffs on certain EVs
Automakers must invest at least $500m to eventually build locally to qualify
Workers install an electric motor in a Tata sport utility vehicle in Pune, India. © Reuters
Read Next
Latest on Automobiles
