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Should India alter its Make-in-India playbook to suit Elon Musk?

Lowering import duty on electric vehicles would go against the underlying ethos of encouraging manufacturing in India and the aim to build global champions

July 29, 2021 / 10:15 AM IST
Should India alter its Make-in-India playbook to suit Elon Musk?

Elon Musk

Tesla founder and CEO Elon Musk’s tweet nudging the government to lower import tariffs on electric vehicles (EVs) has stirred a fierce debate. Most domestic original equipment makers (OEMs) on the one side, are obviously opposing lower import duties, while global manufacturers on the other hand, are crying foul over the prevailing high duties. At present, cars priced up to US$40,000 pay an import duty equal to 60 per cent of the price, while those priced higher pay 100 per...

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