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- Elon Musk Responded To Twitter Users That High Import Rates Are Pushing Back Entry Of The E vehicle Maker In The Country
New DelhiOne hour ago
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Electric car maker Tesla has written a letter to the Indian government demanding a reduction in the import duty of electric cars. Tesla says that the reduction in import duty will make the company’s electric cars cheaper, which will increase their demand in the market and the revenue of the government will also increase.
Here on social media, users have also started asking Elon Musk about the launch of Tesla’s car. YouTuber Madan Gauri told Musk, Dear Musk, launch the Tesla car quickly. In response, he said that we want to do so, but the import duty in India is the highest compared to any big country in the world!
According to a report in Hindustan Times, Tesla is to start selling cars in India from this year. It said in a letter to ministries and the country’s leading think-tank NITI Aayog that it would be appropriate to reduce the federal tax on fully assembled electric cars to 40 percent. Tesla has not made this letter public.
60% import duty on a car costing less than 30 lakhs
Electric cars imported into India currently cost less than $40,000 (approximately Rs 30 lakh) and are charged a 60 percent import duty. At the same time, the import duty on cars valued above $ 40,000 is 100 percent. Tesla said electric cars could be more affordable at a 40 percent import duty, but the limit is still high enough for companies to manufacture locally when demand increases.
Tesla Model 3 Standard Range Plus priced at Rs 30 lakh
According to Tesla’s US website, only one model, the Model 3 Standard Range Plus, costs less than $40,000 (approximately Rs 30 lakh). Tesla and NITI Aayog did not respond to emails seeking comment. The ministries that Tesla wrote to included the ministries of transportation and heavy industry, which did not immediately respond to a request for comment.
Last year only 5000 electric cars were sold
The Indian market for premium electric vehicles is, in fact, still in its infancy. Vehicles are too expensive for the average consumer and lack charging infrastructure. Of the 2.4 million cars sold in India last year, only 5,000 were electric and most cost less than $28,000.
Union Transport Minister Nitin Gadkari said in March that if Tesla is ready to start producing electric cars locally in India, then the Indian government can encourage the company to produce electric cars in India as compared to China. Can be cheap