India weighs import tax cuts if EV makers commit to some local manufacturing

India weighs import tax cuts if EV makers commit to some local manufacturing

FILE PHOTO: India's Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk during their meeting in New York City, New York, U.S., June 20, 2023. India's Press Information Bureau/Handout via REUTERS/File Photo

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.