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Tesla is set to invest up to $2 billion to establish a factory in India if the government reduces import duty. The company is prepared to invest $500 million if the duty is reduced for 12,000 vehicles and up to $2 billion if the duty is extended to cover 30,000 vehicles. India aims to create a favorable environment for electric vehicle (EV) manufacturers, with Tesla planning to increase purchases of auto parts from India to $15 billion and make some batteries in India.

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