No relief for Elon Musk's Tesla in India? Here's what the new US-India trade pact suggests
India-US trade deal: India will cut tariffs on high-end US petrol cars to 30% under an interim trade deal, but exclude electric vehicles, hurting Tesla. While Harley-Davidson gets duty relief, Tesla faces weak sales, high prices, and strong competition in India’s EV market.
India-US trade deal: India will cut tariffs on high-end US petrol cars to 30% under an interim trade deal, but exclude electric vehicles, hurting Tesla. While Harley-Davidson gets duty relief, Tesla faces weak sales, high prices, and strong competition in India’s EV market.
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