India's electric vehicle sector still lacks competition, but entry from names like Tesla could help level the playing field, according to MG Motor India's CEO Emeritus Rajeev Chaba.
The Indian government's goal of achieving 30% EV sales by 2030 "looks stretched at this point of time," Chaba said — however, anywhere between 20% to 30% may be possible if there are more government policies attracting foreign automakers, he added. The move is good news for Tesla, which has been trying to break into the India market, and has been lobbying for lower import duties for years.
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