Brief by Shorts91 Newsdesk / 03:15pm on 14 Dec 2023,Thursday Tech Today
In a surprising turn, India's Ministry of Commerce and Industry, led by junior minister Som Parkash, announced a halt in considering tax reductions on imported electric vehicles, potentially derailing Tesla's market entry. The government, committed to its "Make-in-India" initiative, emphasized promoting domestic and foreign investment in the electric vehicle sector. This unexpected move follows recent talks between Tesla and India, where both sides were nearing an agreement involving car sales starting next year and a proposed factory within two years. The development raises uncertainties about the future of Tesla's expansion plans in India.
