Tuesday, March 28, 2023

Tesla is welcome in India but…: Union Minister on Elon Musk’s plan for EV imports

Tesla CEO Elon Musk’s plan to enter the Indian market to sell his popular electric vehicles faced new hurdles on Saturday after a Union minister said US carmakers and their cars would be welcome in India only. When he follows the policies of ‘Self-reliant India’. Or self-reliant India.

addressing to Earth Summit By a television channel on Saturday, Union Minister for Heavy Industries and Public Enterprises Mahendra Nath Pandey said, “The government under the leadership of Prime Minister Modi has moved fast on the Atmanirbhar Bharat policy and it has received a very good response and we are ready to take any action on that.” Not going to compromise in any way… Tesla, Elon Musk are welcome in India, but only according to the country’s policies.”

Discussions about Tesla entering the Indian auto market began in August last year when Musk, in response to a user’s tweet, said that if Tesla is the first to succeed with imported vehicles in the country, he would set up a manufacturing unit in India. can.

However, last month Musk replied to another user, saying, “Tesla will not set up a manufacturing plant in any place where we are not previously allowed to sell and service cars.”

Tesla is calling for a reduction in import duties to sell its vehicles in India, but the company’s founders are adamant that they will not manufacture their products locally unless they are imported into the country for their cars. are not allowed to sell and serve them.

Recently, a key executive at the forefront of Tesla’s lobbying effort in India resigned after the US carmaker decided to put a halt to plans to sell electric cars in the country, Reuters reported.

Manuj Khurana was reportedly appointed as policy and business development executive at Tesla in India in March 2021, when the company was trying to push its domestic market-penetration plan in the country.

Currently, India imposes a 100 percent import duty on fully imported cars with CIF (Cost, Insurance and Freight) over $40,000 and 60 percent on cars costing less than the amount.

(with agency input)

Nation World News Desk
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