Working through a lot of challenges with government: Tesla


PTI, Jan 13, 2022, 2:43 PM IST

New Delhi: US-based Tesla is working through a lot of challenges with the government to launch its products in India, the electric car major’s founder and CEO Elon Musk said on Thursday.

Responding to a tweet on the company’s plans to launch its products in India, Musk tweeted: ”Still working through a lot of challenges with the government”.

Last year, Tesla had sought a reduction in import duties on electric vehicles (EVs) in India.

The heavy industries ministry had asked the electric car major to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered. The government sources had noted that they were not giving such concessions to any auto firm, and giving duty benefits to Tesla will not send a good signal to other companies that have invested billions of dollars in India.

At present, cars imported as completely built units (CBUs) attract customs duty, ranging from 60 to 100 per cent, depending on the engine size and cost, insurance and freight (CIF) value less or above USD 40,000.

In a letter to the road ministry, the US firm had last year said that the effective import tariff of 110 per cent on vehicles with customs value above USD 40,000 is ”prohibitive” to zero-emission vehicles.

The electric car major had requested the government to standardise the tariff on electric cars to 40 per cent, irrespective of the customs value, and withdraw the social welfare surcharge of 10 per cent on such vehicles.

It had said that these changes would boost the development of the Indian EV ecosystem and the company will make significant direct investments in sales, service and charging infrastructure; and significantly increase procurement from India for its global operations.

In January 2021, Tesla registered its Indian arm amid indications that the company is set to enter the country’s automobile market.

According to a regulatory filing, the firm registered Tesla India Motors and Energy Pvt Ltd with RoC (Registrar Of Companies) Bangalore.

The company has been registered as an unlisted private entity with a paid-up capital of Rs 1 lakh.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka govt set to crack down on illegal Bangladeshi immigrants: Home Minister

India records 2.86 lakh new Covid cases, 573 more deaths

Sensex slumps over 1,100 points in early trade; Nifty falls below 16,950

‘Swabhimana padayatra’ receives tremendous response

34 personalities write to CM, MLAs over alleged violence against religious minorities

Govt to review situation, decide about reopening tourist places: Aaditya Thackeray

Tatas take first step in Air India, to introduce ‘enhanced meal service’ in 4 flights on Thursday


Related Articles More

Sensex slumps over 1,100 points in early trade; Nifty falls below 16,950

India’s annual Budget again goes green, cuts down on printing to bare minimum

Bring natural gas under GST to realise PM’s vision of gas-based economy: Industry

RBI-monitored takeover process complete: Crisis-hit PMC Bank branches to operate as USFBL branches

Consumer goods giant Unilever cutting 1,500 management jobs

MUST WATCH

Rajpath witnesses splendid fly-past of 75 aircrafts

Mysore student led NCC at the Republic Day 2022 Parade held in Delhi

NEWS BULLETIN 26-02-2022

Stunning motorcycle display by BSF all-women biker team at India’s 73 Republic Day parade

Siddaramaiah Talk’s About Election


Latest Additions

Karnataka govt set to crack down on illegal Bangladeshi immigrants: Home Minister

Vaccine mandates for healthcare workers should be scrapped – omicron has changed the game

Consumer court directs shop to compensate retd judge’s wife for burnt Mysore silk saree

SC asks Punjab govt not to arrest SAD leader Majithia in drugs case till Jan 31

K’taka HC orders Rs 17.66 lakh compensation to man who lost genitals in road accident

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.