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Tata Motors Opposes Tax Cut On EV Import Amid Tesla’s India Foray Plans

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  1. Tata Motors opposes lowering import taxes on electric vehicles (EVs) in India.
  2. Discussions with Indian officials have been initiated by Tata Motors to convey their stance against proposed tax reductions.
  3. The company argues that investor decisions were based on the assumption of unchanged tax policies favoring local entities.
  4. The Indian government is considering reducing import taxes on fully assembled EVs for up to five years to boost domestic manufacturing and EV adoption.
  5. Tesla aims to invest $2 billion in India, contingent upon a significant reduction in import taxes to as low as 15% for its EVs in the initial two years.
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