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Advantage Tesla? India To Cut EV Tariffs To Secure US Trade Deal

  • India has agreed to "significantly" cut tariffs on import of electric vehicles (EVs) as part of its trade deal negotiations with the US.
  • The move aims to remove hindrances for Tesla's entry into the Indian market.
  • However, the reduction in tariffs may not be sufficient for Tesla to compete in India's price-sensitive market.
  • Indian domestic automakers are pushing for the government to delay any cut on EV tariffs, at least until 2029.

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