Tesla, one of the big electric vehicle (EV) companies, may face a setback in its plans to start business in India. Tesla had requested the Central Government to give exemption in import tax. However, the Central Government has indicated that no decision has been taken on this request.
A senior government official has clarified that the government will not provide any special incentive to any company in the EV sector. He said that if the government considers giving such incentive then it will be for all EV companies. However, no decision has been taken in this regard. about two years ago Tesla Had requested the government to impose 40 percent import tax on EVs. The tax on vehicles imported into the country ranges from 60 percent to 100 percent. When asked about any special concession for Tesla, the official said the policy would not be for any particular company. This will always apply to all companies.
He said that the reports given to Tesla regarding import tax exemption are only speculation. The company has requested for some relaxation but no decision has been taken in this regard. richest man in the world Elon Musk Tesla, led by Tesla, plans to set up a factory in India. Recently, a report said that if the government reduces the import duty for 12,000 vehicles, then Tesla is ready to invest up to $ 500 million. If the government reduces this tax on 30,000 vehicles, then Tesla can invest up to two billion dollars.
EV sales have increased rapidly in the last few years. The government has asked Tesla to set up a manufacturing plant in the country and start manufacturing EVs. The company also plans to manufacture batteries in the country to reduce the cost of EVs. Recently, Trade Minister Piyush Goyal had said, “Last year Tesla had purchased components worth about one billion dollars from the country. This year Tesla aims to purchase components worth $1.7-1.9 billion.” It had registered its subsidiary in Bengaluru two years ago.