last July, Musk said that India's import duties are"the highest in the world by far of any large country!"65% of all new vehicle salesAs the world's second-most populous nation, India's auto market — now the world's fifth-largest — is expected to grow on the back of a burgeoning tech-savvy middle class, presenting potentially colossal growth opportunities for carmakers.
Last January, Tesla registered Tesla Motors India and Energy Private Limited in Bengaluru. It had planned to start by importing and selling the Model 3 sedan,But the government wants Tesla to produce its cars in India instead — and the country's transport minister told Reuters it was prepared to offer Tesla incentives to do so.that Tesla was"quite likely" to build an EV factory in India — but only if it could import completed vehicles at lower tax rates.
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