ANL 11.12 Increased By ▲ 0.02 (0.18%)
ASC 9.98 Decreased By ▼ -0.09 (-0.89%)
ASL 11.85 Increased By ▲ 0.90 (8.22%)
AVN 71.24 Decreased By ▼ -2.07 (-2.82%)
BOP 5.95 Decreased By ▼ -0.04 (-0.67%)
CNERGY 5.27 Increased By ▲ 0.04 (0.76%)
FFL 6.70 Decreased By ▼ -0.15 (-2.19%)
FNEL 6.10 Decreased By ▼ -0.10 (-1.61%)
GGGL 11.86 Decreased By ▼ -0.47 (-3.81%)
GGL 15.92 Decreased By ▼ -0.49 (-2.99%)
GTECH 9.35 Decreased By ▼ -0.46 (-4.69%)
HUMNL 6.56 Decreased By ▼ -0.06 (-0.91%)
KEL 2.58 Decreased By ▼ -0.01 (-0.39%)
KOSM 3.06 No Change ▼ 0.00 (0%)
MLCF 28.70 Decreased By ▼ -0.15 (-0.52%)
PACE 2.99 Decreased By ▼ -0.24 (-7.43%)
PIBTL 6.09 Decreased By ▼ -0.01 (-0.16%)
PRL 15.05 Decreased By ▼ -0.18 (-1.18%)
PTC 7.17 Decreased By ▼ -0.02 (-0.28%)
SILK 1.24 Increased By ▲ 0.14 (12.73%)
SNGP 26.15 Decreased By ▼ -0.05 (-0.19%)
TELE 10.95 Decreased By ▼ -0.11 (-0.99%)
TPL 9.05 Decreased By ▼ -0.35 (-3.72%)
TPLP 15.92 Decreased By ▼ -0.38 (-2.33%)
TREET 29.90 Decreased By ▼ -0.26 (-0.86%)
TRG 77.00 Increased By ▲ 0.23 (0.3%)
UNITY 22.45 Decreased By ▼ -0.76 (-3.27%)
WAVES 12.95 Decreased By ▼ -0.30 (-2.26%)
WTL 1.55 Increased By ▲ 0.01 (0.65%)
YOUW 5.04 Decreased By ▼ -0.01 (-0.2%)
BR100 4,273 Decreased By -3.8 (-0.09%)
BR30 14,897 Decreased By -58.5 (-0.39%)
KSE100 42,983 Decreased By -43.4 (-0.1%)
KSE30 16,350 Decreased By -10.3 (-0.06%)

NEW DELHI: Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned

some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.

The decision caps more than a year of deadlocked talks with government representatives as Tesla sought to first test demand by selling electric vehicles (EVs) imported from production hubs in the United States and China, at lower tariffs.

But the Indian government is pushing Tesla to commit to manufacturing locally before it will lower tariffs, which can run as high as 100% on imported vehicles.

Tesla had set itself a deadline of Feb. 1, the day India unveils its budget and announces tax changes, to see if its lobbying brought a result, the sources with knowledge of the company’s plan told Reuters.

Comments

1000 characters