Elon Musk’s Tesla plans to invest up to $2 billion in India’s plant but with riders

News Snapshot:

Elon Musk 's Tesla Inc is willing to set up a factory of the posh electric cars in India only if the government approves a concessional duty of 15% on imported vehicles in the first two years of operations in India, a report by The Economic Times mentioned. Citing sources, the English Daily said that Tesla has approached the Government of India with regard to the investment the company is planning to make and the number of cars it can import at lower duty. Indian government closing in on agreement with Elon Musk's Tesla, announcement likely in January Tesla Inc....