Electric vehicle maker Tesla's hope of coming to India has become negligible. Tesla owner has stopped looking for showroom location for Tesla in the Indian market. According to the news of Reuters, Tesla Inc. Has entrusted new responsibilities to many people of its team working in India. Three people related to this matter told that the company has put its entire India plan on hold.
Let us tell you, the electric vehicle company Tesla wanted the Indian government to allow its cars made in China and America to be sold in India with low import tax. But the Indian government had said that there would be no reduction in import tax, if Tesla wants to launch its vehicles in the Indian market, then it will have to produce its cars by setting up a manufacturing plant inside that India.
Tesla should come to India and do car manufacturing
During an event last month, Union Minister Nitin Gadkari had said that the government does not mind if US-based Tesla is ready to manufacture its electric vehicles in India, but the company should not import cars from China. . Speaking at the Raisina Dialogue, Gadkari said India is a huge market and has a huge potential for all-electric vehicles.
Tesla is desperate to import and sell its electric vehicles in India. The company lobbied officials in New Delhi for nearly a year to cut tariffs, which the company's billionaire CEO Elon Musk says are among the highest in the world.
Last year, the Ministry of Heavy Industry also asked Tesla to start manufacturing its iconic electric vehicles in India before considering any tax concessions. Let us tell you, at present, cars imported as Completely Built Units (CBUs) of Tesley will be charged 60 per cent depending on the engine size and cost, insurance and freight (CIF) value of less than or more than USD 40,000. -100 percent customs duty levied.