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2021-08-31

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Tesla Could Get Partial Tax Breaks In India After All: Report

India could offer Tesla Inc partial relief on import duties to get electric vehicles shipped to the

Tesla Could Get Partial Tax Breaks In India After All: Report

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Could Get Partial Tax Breaks In India After All: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 15:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/08/22731456/tesla-could-get-partial-tax-breaks-in-india-after-all-report><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>India could offer Tesla Inc partial relief on import duties to get electric vehicles shipped to the country, The Economic Times reported on Monday, citing officials.\nWhat Happened:Various stakeholders...</p>\n\n<a href=\"https://www.benzinga.com/news/21/08/22731456/tesla-could-get-partial-tax-breaks-in-india-after-all-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/21/08/22731456/tesla-could-get-partial-tax-breaks-in-india-after-all-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166793997","content_text":"India could offer Tesla Inc partial relief on import duties to get electric vehicles shipped to the country, The Economic Times reported on Monday, citing officials.\nWhat Happened:Various stakeholders in the government are open to providing tax breaks but the Elon Musk-led company needs to furnish detailed investment plans first before any decision is taken on the government's part.\n“We can offer some relief... but we need to know what their plans are,” an unnamed official told ET.\nTesla claimed it procures components worth $100 million from India and suggested that figure would increase following any tax concessions, according to the report.\nThe EV maker plans to make significant direct investments in sales, service, and charging infrastructure and evaluate broader investments in manufacturing once it gets the rebates.\nWhy It Matters:The back-and-forth comes after Musk criticized India’s restrictive policies and tweeted to say that, while Tesla wants to make cars in the country, the import duties there are the highest in the world.\nThe Palo Alto, California-based company had in a letter to India’s Prime Minister Narendra Modi sought a reduction in import duties on electric cars to 40% from the current 60% to 100%.\nTesla had also requested to scrap the 10% social welfare surcharge that is levied on all imported cars.\nPrice Action:Tesla shares closed 2.67% higher at $730.91 on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Tesla Could Get Partial Tax Breaks In India After All: Report

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