New Delhi: EV vehicles are increasingly attracting people in the world, in such a situation, the people of India are also eagerly waiting for the car of Tesla, the largest EV car maker. Tesla CEO Elon Musk has informed that the EV-maker is facing “multiple challenges” for its car launch in India and the company is working with the Indian government on the same.
“Still facing many challenges with the government,” Musk tweeted. Musk was responding to a Twitter user Pranay Pathole, who asked, “Any more updates on Elon Musk launching Tesla in India? It’s awesome and worth living in every corner of the world!”
In July 2021, Tesla has urged Prime Minister Narendra Modi’s office to reduce import taxes on electric vehicles before entering the market, four sources told Reuters after objections from some Indian automakers rejected its demand. done.
Tesla wants to start selling imported cars in India this year, but says taxes in the country are among the highest in the world. Its request for a tax cut has been objected to by several Indian carmakers, who say such a move would hamper investment in domestic manufacturing.
The government will soon take a decision on electric vehicle leader Tesla’s proposal to cut tariffs in India to launch locally and set up manufacturing plants in the country.
NITI Aayog CEO Amitabh Kant told Economic Times that the proposal is currently being evaluated and a decision is likely soon. NITI Aayog is a major think tank of the government, which provides policy inputs to the administration.
Musk has also raised his objection about launching EVs in India due to high import duty. Musk expects ‘temporary tariff relief for electric vehicles’ as Tesla works hard to reduce taxes before officially launching any cars in India.
Musk had said that Tesla wants to launch its cars in India soon, but Indian import duties are the highest in the world than any major country. He also said that Tesla “has great potential to have a factory in India” but on condition that its imported cars be successful in the country first.
Elon Musk has been discussing entry into India for the past few years, but it is dependent on concessions. Tesla has sought import duties from the current 60% to 40% on fully assembled electric cars under $40,000 and from the current 100% to 60% on vehicles above $40,000.
first published:Jan. 13, 2022, 9:53 a.m.