New Delhi: Tesla is not interested in manufacturing in India, said Union heavy industries minister H.D. Kumaraswamy while announcing the guidelines to a scheme incentivising companies looking to import electric vehicles (EVs) into India to manufacture domestically – a move initially seen as a win for the Elon Musk-run firm.

Notified in March last year, the scheme will lower to 15% import duties on four-wheeler EVs costing at least $35,000 for firms that invest Rs 4,150 crore (a little less than $500 million) in India and set up a plant to make electric cars in the country.

Kumaraswamy, who announced the guidelines for this scheme on Monday (June 2), said that Mercedes-Benz, Volkswagen, Skoda, Hyundai and Kia had shown interest in........

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