IPFS News Link • India
Elon Musk Announces He Will Invest in India
• https://www.nextbigfuture.com, by Brian WangBased upon India taxing and custom duties of vehicles, Tesla will likely at least assemble vehicles in India.
Custom duties for fully built cars are about 70-100% while assembled vehicles are far less.
BREAKING: Elon Musk confirmed @Tesla is looking to invest in India & says he is visiting next year.
— Sawyer Merritt (@SawyerMerritt) June 20, 2023
"We don't want to jump the gun on an announcement, but it's quite likely that there will be a significant investment and relationship in the future." pic.twitter.com/09RMDaZlRZ
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