New Delhi. The company is in constant talks with the Government of India regarding the launch of Tesla’s car in India. Tesla CEO Elon Musk has said about launching his electric car in the Indian market that there are still many challenges for the company in India. At the same time, NITI Aayog says that the government can take a decision soon on Tesla’s demand to reduce import duty.
A Twitter user asked Elon Musk, ‘What is the update regarding the launch of Tesla in India? These are wonderful and they should be in every corner of the world. Musk replied that right now the company has many challenges in India. Tesla is engaged in dealing with them.
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import duty barrier
It is worth noting that in July last year, Tesla had asked the Prime Minister’s Office to reduce the import tax on electric vehicles (EV). Tesla wants to sell its electric cars in India by importing them from outside, but high import taxes remain a hindrance in its path. Tesla’s request to reduce import tax was opposed by domestic electric vehicle manufacturers. He said that reducing the import duty will badly affect the investment in domestic manufacturing sector.
Decision on tax possible soon
The government may soon consider Tesla’s request to reduce taxes. The government can agree to Tesla’s demand on the condition of setting up a manufacturing plant in India. NITI Aayog CEO Amitabh Kant told Economic Times that Tesla’s proposal is being evaluated and a decision can be taken soon. NITI Aayog is the main think tank of the government which gives opinion to the administration regarding policy making.
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Elon Musk is also keen on setting up a manufacturing plant in India, but he wants Tesla cars to enter India first. Musk is demanding that the current 60 percent import duty be raised to 40 percent.