India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing,

Tesla Inc. is set to make its long-awaited entry into India by shipping a few thousand cars to a port near Mumbai in the coming months, according to people familiar with the matter, marking its long-awaited debut in the world’s most populous country.

A CLSA report has highlighted that with a reduced tariff rate of 15-20 per cent, Tesla price in India will be more expensive than its domestic competitors like Maruti Suzuki. The company will need to open a manufacturing unit in India to keep up with competition.