Modi government wants Elon Musk's Tesla to be the first "Made in India"

Tesla CEO Elon Musk and Prime Minister Narendra Modi discussing Tesla’s developments in battery technology.

To fuel Elon Musk's ambitions in India, the Department of Heavy Industry has hired US electric car maker Tesla to begin production of its electric vehicles in India.

Proposals have been made for other governments that Tesla car concessions do not send a good signal to companies that have billions of dollars in India. Tesla has cut tariffs on electric vehicles (EVs) in India. In July, Tesla boss Elon Musk tweeted that he was hoping for "temporary tariff relief for electric cars". Musk had said Tesla planned to prepay its cars in India, but "India is the world of all great countries!" 60% to 100% depending on engine size and cost, insurance and freight value (CIF) under $ 40,000.
In a letter to the Department of Transportation, the US company announced that effective tariffs of 110 percent on vehicles with a customs value of more than $ 40,000 will be "banned" on zero-emission vehicles.

She called on the government to normalize its customs value to 40% and to abolish the 10% social security contribution for electric cars.It has no negative impact on the Indian auto market. those sold in India (EV or ICE) have an ex works / customs value of over USD 40,000.

Union Minister Nitin Gadkari said Tesla had a unique opportunity to locate its manufacturing plant in India amid the propulsion of the country's electric vehicles. Tesla is already buying several auto parts from Indian manufacturers and it would make economic sense to establish a base there, the Minister of Roads and Highways said.
Source: PTI



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