India-US trade deal, Feb. 9 -- India's new trade pact with the US offers tariff relief for luxury cars and Harley-Davidson bikes, but electric vehicles (EVs) remain excluded - a setback for Elon Musk's Tesla, which has been lobbying for lower duties in the Indian market.

According to officials cited by Reuters on 7 February, New Delhi will slash tariffs on high-end American cars to 30% from the previously announced 110% under the interim trade pact. Duties on Harley-Davidson bikes will also be eliminated. However, the agreement makes no concessions for EVs, a move that will effectively affect Tesla, which is already trying hard to make a mark in the world's third-largest passenger vehicle market.

The development comes after US President...