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India offers incentives and lower tariffs to attract Tesla and Elon Musk for a $500m electric vehicle facility with local sourcing.
India aims to attract Tesla and Elon Musk to set up a manufacturing facility by offering incentives for companies investing $500m in new electric vehicle facilities that source 25% of components locally.
These firms would be allowed to import 8,000 high-end electric vehicles annually at a lower tariff of 15%.
The Indian government hopes this strategy will transform its manufacturing sector and attract more foreign investors.
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India ofrece incentivos y tarifas más bajas para atraer a Tesla y Elon Musk a una instalación de vehículos eléctricos de 500 millones de dólares con abastecimiento local.