Tesla's Withdrawal Pushes India to Broaden EV Incentives for Existing Factories

GuruFocus.com11-29 19:44

India is changing its EV policy to attract foreign car makers, including Toyota (TM, Financial) and Hyundai (HYMTF, Financial) , after Tesla (TSLA, Financial) decided not to assemble cars in India. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2487556126?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/gp2NKPdZTSbqYiU7gbWx7Q--~B/aD0zNjU7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/a9011e6a0d35667c247612589ba5e6bc","is_english":true,"pubTime":"2024-11-29 19:44","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2487556126","market":"us","top_or_hot":-1,"title":"Tesla's Withdrawal Pushes India to Broaden EV Incentives for Existing Factories","media":"GuruFocus.com","content":"<div>\n<p>India is changing its EV policy to attract foreign car makers, including Toyota (TM, Financial) and Hyundai (HYMTF, Financial) , after Tesla (TSLA, Financial) decided not to assemble cars in India. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-withdrawal-pushes-india-broaden-114412797.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Withdrawal Pushes India to Broaden EV Incentives for Existing Factories</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Withdrawal Pushes India to Broaden EV Incentives for Existing Factories\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-29 19:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/teslas-withdrawal-pushes-india-broaden-114412797.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>India is changing its EV policy to attract foreign car makers, including Toyota (TM, Financial) and Hyundai (HYMTF, Financial) , after Tesla (TSLA, Financial) decided not to assemble cars in India. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-withdrawal-pushes-india-broaden-114412797.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TM","symbol_name":"丰田汽车","start_time":0,"source_url":"https://finance.yahoo.com/news/teslas-withdrawal-pushes-india-broaden-114412797.html","article_id":"2487556126","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gp2NKPdZTSbqYiU7gbWx7Q--~B/aD0zNjU7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/a9011e6a0d35667c247612589ba5e6bc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487556126","pubTimestamp":1732880652,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"India is changing its EV policy to attract foreign car makers, including Toyota  and Hyundai  , after Tesla  decided not to assemble cars in India. New rules, to be implemented by March, extend taxation incentives for EV manufacturing at existing factories and for the production of vehicles built on a different line if they meet local content requirements.Earlier, the incentives were meant for new manufacturers with at least $500 million in investment and 50 percent components for the state. However, further investments only in EV machinery at those plants will also count if minimum revenues from EVs have been reached. These changes are consistent with India's intention to increase the demand for electric vehicles and to attract additional local and international players into the country's emerging electric vehicle market.India's venture corresponds with the efforts for green mobility and can make the country an attractive destination for EV manufacturing in Asia.This article first app","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TM":"丰田汽车","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4585":"ETF&股票定投概念","TSLA":"特斯拉","BK4555":"新能源车","BK4588":"碎股","03160":"华夏日股对冲","BK4099":"汽车制造商"},"translate_title":"特斯拉的退出促使印度扩大对现有工厂的电动汽车激励措施","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"TSLL":1,"TM":0.83,"03160":0.6},"content_text":"India is changing its EV policy to attract foreign car makers, including Toyota (TM, Financial) and Hyundai (HYMTF, Financial) , after Tesla (TSLA, Financial) decided not to assemble cars in India. New rules, to be implemented by March, extend taxation incentives for EV manufacturing at existing factories and for the production of vehicles built on a different line if they meet local content requirements.\n\nEarlier, the incentives were meant for new manufacturers with at least $500 million in investment and 50 percent components for the state. However, further investments only in EV machinery at those plants will also count if minimum revenues from EVs have been reached. These changes are consistent with India's intention to increase the demand for electric vehicles and to attract additional local and international players into the country's emerging electric vehicle market.\nIndia's venture corresponds with the efforts for green mobility and can make the country an attractive destination for EV manufacturing in Asia.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487556126"}