India is developing a new electric vehicle policy that would reduce import taxes for car makers that commit to some local manufacturing, following a proposal by Tesla (TSLA), which is weighing entering the domestic market, Reuters’ Aditi Shah, Aditya Kalra, and Nikunj Ohri report, citing people with direct knowledge. The policy being weighed could allow car makers to import fully-built EVs into the South Asian country at a lowered tax as low as 15%, the authors note. Other publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Toyota (TM) and Volkswagen (VWAGY).
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