Tesla's founder Elon Musk, who was scheduled to visit India earlier this year, cancelled at the last minute, suggesting that he wants all issues surrounding his companies resolved first.
Notably, Tesla, a primary focus of the policy, has not shown interest yet as it reconsiders its plans in India due to global challenges.
A customs duty of 15 per cent will apply to completely knocked down (CKD) units with a minimum cost, insurance, and freight (CIF) value of $35,000 and above for five years, contingent on setting up manufacturing facilities within three years.
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