Finance Ministry not considering tax waivers for Tesla, says Revenue Secretary: Report
Last month, Tesla CEO Elon Musk had said that Prime Minister Narendra Modi was pushing the auto firm to make "significant investment" in the country, adding that such an announcement was expected soon, the newswire reported.
By Autocar Professional Bureau
2643 Views
India's finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc (TSLA.O), Revenue Secretary Sanjay Malhotra told Reuters on Thursday.
Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country, adding that such an announcement was expected soon.
In the past, talks between the U.S. carmaker and the Indian government have involved seeking customs duty waivers for importing its electric vehicles, which was rejected by India.
"Any duty waiver for Tesla is not under active consideration of the Department of Revenue, as of now," Malhotra told Reuters on Thursday.
RELATED ARTICLES
NHAI's Public InvIT Wins Rs 9,500 Crore Bid for Five National Highway Assets
Shristi Ohri
10 Feb 2026
Raajmarg Infra Investment Trust secures concessions for 260 km of operational highways across four states.
H.D. Kumaraswamy Signs ₹11,887 Crore Steel Pact to Boost Specialty Manufacturing
Shristi Ohri
10 Feb 2026
Government signs 85 MoUs worth ₹11,887 crore to boost specialty steel capacity by 8.7 million tonnes by 2031.
Auto Retail Sales Grow 17.6% YoY in January as Rural Demand, GST Tailwinds Lift Most Segments
Darshan Nakhwa
10 Feb 2026
Auto retail sales rose 17.6% in January, driven by rural demand, GST-led affordability, and strong two-wheeler, tractor ...
