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Tesla to scout sites in India for $2 bn-$3 bn EV plant

By Economic Times - 8 months ago
Tesla is set to send a team to India this month to explore potential locations for a proposed $2 billion to $3 billion electric car manufacturing plant. This move follows India's recent reduction in import taxes on certain electric vehicles, provided carmakers invest at least $500 million and initiate domestic production within three years.

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