India is considering a new electric vehicle (EV) policy that could significantly reduce import taxes for automakers willing to invest in local manufacturing. This comes after a proposal from Tesla Inc, which has been eyeing the Indian market. The proposed policy might allow automakers to import fully-assembled EVs into India with a reduced tax rate, potentially as low as 15%. Currently, cars that cost over $40,000 incur a 100% tax, while other cars attract a tax of 70%. This policy could significantly lower the cost of imported EVs, which could impact local automakers.