New Delhi: Tesla Inc wants to begin, the selling of the imported cars in India, during this year but it says that the taxes of the country, are amongst the highest in the world, and furthermore looking into this situation Tesla has urged the PM’s office to slash import of the taxes upon the electric vehicles, before he enters the market it was sold by the four reporters, of Reuters. Tesla wants to begin the selling of imported cars in India this year, but it went on to say that the taxes of the country are amongst the highest in the world. And thus it requests to chop off the taxes, which were first reported in July.
The chief executive of Tesla, Manuj Khurana along with the other executives went on to take the country’s demand to PM Modi’s officials last month, during a meeting the argument took place regarding the high taxes, the sources who were familiar with the meeting said. During the meeting, which was being conducted at the PM's, Tesla went on to say that, “India's duty structure would not make its business in the country a "viable proposition", according to one of the sources.
The analysts have further said that with such high rates the Tesla cars will become too costly, for the buyers, and could even limit their sales. Tesla has separately also put in a request for a meeting between its Chief Executive Elon Musk and PM Modi, three of the sources said.
Concerned about the impact of the local auto industry, it also resulted in weighing of the government, the sources went on to say. And some of the companies want to commit to local manufacturing before going to the consideration regarding any imported taxes. Even the transport minister said that“Tesla should not sell made-in-China cars in India and should manufacture locally instead, but Tesla has indicated it first wants to experiment with imports. Mr. Musk said on Twitter in July that "If Tesla is able to succeed with imported vehicles, then a factory in India is quite likely."
The Indian market for premium EVs is still in its infancy and the charging of the infrastructure is a scare. One government official said lowering duties for a limited period to pave the way for Tesla's entry could "boost India's investor-friendly image and green credentials" while also attracting more investments.
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