Tesla puts India entry plan on hold after failing to secure lower import taxes

Tesla puts India entry plan on hold after failing to secure lower import taxes

A Tesla Motors Model X electric sports-utility vehicles is seen on stage a presentation in Freemont, California September 29, 2015. REUTERS/Stephen Lam

Tesla Inc has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter