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HomeAutoElon Musk told many challenges regarding Tesla's entry in India, problems regarding...

Elon Musk told many challenges regarding Tesla’s entry in India, problems regarding import duty

Building a strong base of his company in India will not be easy for industrialist Elon Musk. The billionaire said in a tweet post that he is working with the government on many challenges.

Building a strong base of his company in India will not be easy for industrialist Elon Musk.

Industrialist Elon Musk to build a strong base for his company in India (Elon Musk) Wouldn’t be easy. The billionaire said in a tweet post that he is working with the government on many challenges. Musk was asked by a user whether there is any update on the launch of Tesla in the country. Musk has been working for his cars in India since the year 2019. In the field of American electric cars, talks between the giant Musk and the central government about the local factory are stuck. There is also a dispute about this that the import duty in the country has become as high as 100 percent.

Musk’s tweet has faced severe criticism from the central government. Tesla can assemble and sell cars in India by bringing them in CKD (Completely Knocked Down) form with zero duty. India has also implemented the PLI scheme for the auto sector. In this, incentives have been given especially for electric vehicles. Under these, if Tesla produces in India, then it will get the benefit.

trying to put pressure on the government

Through such tweets, Tesla is trying to put pressure on the government through social media. According to the report of Economic TimesGovernment sources told him that this is not the first time that Musk is trying to reduce import duties on Musk cars without any commitment to produce in India.

Musk tweeted last month that import duties in India are one of the world’s highest and that the country sees clean energy vehicles on par with petrol vehicles, which is not in line with its climate goals. The billionaire said setting up a factory in India can be expected if the California-based car maker first imports the vehicles and inspects the situation.

Tesla’s demand for tax cuts on imported electric vehicles has received a mixed response. The India arm of Volkswagen AG and Hyundai Motor India Limited have supported the move. Whereas, Mahindra & Mahindra Limited has said to review the duty on imports with lower domestic duty.

The government had also asked the electric vehicle maker to step up procurement locally and share plans for expanded manufacturing. Musk has also called for a reduction in taxes, so that Tesla can sell imported vehicles at a cheaper price in a market that favors budget vehicles.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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