Elon Musk's intentions in India may be jeopardised by Ola CEO Bhavish Aggarwal's ambitions.

Elon Musk's & Ola CEO Bhavish Aggarwal's

Elon Musk's & Ola CEO Bhavish Aggarwal's

Bhavish Aggarwal, the creator of Ola Cabs and the CEO of Ola Electric, plans to ride in an Ola electric car in 2023. The CEO's announcement comes two days after the opulent introduction of the Ola Electric scooter, which took place on the eve of India's 75th Independence Day. Within 24 hours of the scooter's pre-ordering opening a few weeks ago, the business had received over 1 lakh orders. In India, the battle for the EV market has only recently begun.To support Prime Minister Narendra Modi's Make in India initiative,

Aggarwal says his objective is to design an electric automobile with 90% locally produced components.Bhavish Aggarwal's promises to "revolutionise" the electric vehicle industry come as Tesla's plans for India remain in risk. In New Delhi, it finds no takers for its proposal for lesser import tax reduction. In India, EV sales are low, but they are progressively increasing as the government encourages mass adoption through financial incentives.Elon Musk, the CEO of Tesla, stated in July that the company may open a manufacturing plant in India if it succeeds with imported vehicles first.

Musk previously stated that Tesla planned to debut its automobiles in India, "but India's import tariffs are by far the highest of any significant country!"Hyundai Motor India's CEO also supports Tesla's proposal for reducing import levies on electric vehicles in India.Bhavish Aggarwal, who is opposed to the tax drop, said the government should not reduce the levy on imported electric vehicles. "I strongly disagree with both of these statements. Let us have faith in our potential to build locally and to persuade global OEMs to develop in India rather than rely on imports. We will not be the first to do so "He sent out a tweet.Currently, India charges a 100% import duty on fully imported cars with a CIF (cost, insurance, and freight) value of more than USD 40,000, and a 60% duty on those with a CIF value of less than that.



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