Tesla reaches the PM's office, and requests a Tax Cut on electric Vehicles: Report

Tesla India

Tesla India

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. 

More

SPORTS

KL Rahul and Rashid Khan

KL Rahul and Rashid Khan allegedly approached by Lucknow, complaint lodged by PBKS and SRH

The deadline by which all 8 IPL franchises should give the list of players that they would like to retain ahead of the mega auctions is 30th November...

IPL 2022

Retainment Player List of IPL 2022

By Tuesday evening, the official list of retainment will pour in after the selection procedure of the eight original franchises. As per the repor...

States & UTs

Resident doctors

Resident doctors in Karnataka go on a strike from the 29th of November

The association of the Karnataka doctors on Sunday went on for a statewide strike from the 29th of November the reason for the strike being the three-...

International Trade Fair

Bihar bestowed with gold Award at 40th International Trade Fair

Bihar secured the first position with a gold Award at the 40th India International Trade Festival (IITF) for its excellence in display in state govern...

POLITICS

Akhilesh Yadav

UP educational system corrupted, Akhilesh Yadav alleges

UPTET 2021 Paper was reported to have been leaked. Samajwadi Party chief, Akhilesh Yadav intimates e...

Tripura Municipal Election

BJP Leads Tripura Municipal Election Results 2021

Tripura Municipal Election Results 2021: The counting of votes for over 200 seats in the Agartala Mu...

ENTERTAINMENT

Ranveer Singh

Ranveer Singh Playing Kapil Dev in 83:Trailer Launch

The trailer of 83 is finally out after much wait and speculation. The film is based on India's w...

Sanjay & Poonam’

Another celebrity wedding completed at the end of 2021

 Another celebrity wedding completed at the end phase of the year 2021. This time the couple is...

About

The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.