It seems that Alan Musk’s horoscope does not include the entry of Tesla car into the Indian market. For the last several months, things like yes or no were coming to the fore regarding the entry of this car. However, now the wait for Tesla electric cars in India has become longer. In fact, Elon Musk has put off his plan to sell these cars in the Indian market for the time being. According to Reuters, Tesla Inc. Has stopped looking for space for its car showrooms in India. Meanwhile, many of his team members working here have been given new responsibilities. Three people involved in the case said that the company has put its entire India plan on hold.
Musk and government face-to-face on import duty
Talks between Tesla and the government on reducing import duty have been stalled for a long time. Now this deadlock has passed more than a year. Alan Musk wants the government to waive import duty on imported electric cars made in India before setting up Tesla’s factory in India, so that he can test the demand and response of his cars in the Indian market. However, the government has made it clear that if Tesla wants to sell a car in India, it will have to set up a factory here. She can take advantage of the government’s PLI scheme for this. Tesla’s electric cars made in China will not be sold in the Indian market.
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The government did not give any exemption in the annual budget
According to Reuters, the company had set a February 1 deadline for Tesla to launch the cars in India. On this day the Government of India presents its annual budget. The company wanted to see if the Indian government makes any changes to the budget regarding taxes, and whether its lobbying works. When this did not happen, the company put on hold plans to bring Tesla cars to India. Regarding this whole incident, Alan Musk had tweeted about the ‘problems coming with the Indian government’. After this, many state governments had invited him to set up a plant here. This includes West Bengal, Telangana, Punjab, Maharashtra and Tamil Nadu.
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60 to 100% tax on foreign electric car
>> Electric cars currently priced at 40 40,000 (about Rs 30 lakh) in the country are taxed at 60 per cent. On the other hand, if the price is more than this, 100 per cent tax is levied. Price range for Tesla’s car models ranges from 39 39,990 (approximately Rs. 30 lakhs) to 1, 1,29,990 (approximately Rs. 97.1 lakhs). It has the company’s Model 3, Model Y, Model X and Model S. The model 3 has the lowest price.
>> According to the current import duty, only the base model of the cheapest Model 3 of Tesla will be taxed at 60%. Thus, this car worth around Rs 30 lakh will cost Rs 48 lakh in India just by adding tax. When it comes to long range trim, it is priced at अमेरिका 49,990 (around Rs 37.34 lakh) in the US. With tax, it will be around Rs 75.5 lakh in India.
>> The base model of Tesla’s Model Y is priced at 53 53,990 (approximately Rs. 40 lakhs) in the US, which will be available in India at Rs. 80 lakhs. Similarly, the base model of the Model X is priced at 99 99,990 (around Rs. 74.6 lakhs), which will cost Rs. 1.5 crore in India. The base model of the Model S is priced at 89 89,990 (approximately Rs. 67.2 lakh), which will be available in India for Rs. 1.3 crore after tax.