How has India's government made it easier for Tesla to enter the Indian market?

India's government has significantly reduced the basic customs duty on high-end electric vehicles priced above $40,000, lowering it from 110% to 70%. This policy change creates a more favorable environment for global EV manufacturers like Tesla to enter the Indian market. The timing is strategic as Tesla faces its first annual drop in EV sales in over a decade, making India an attractive potential growth avenue. This reduction in import duties represents a major shift in India's approach to attracting international electric vehicle investments.