India does not want Tesla to sell cars imported from China
Transport Minister Nitin Gadkari said that Tesla could go to India to produce electric vehicles instead of bringing cars from China to sell.
The minister’s message was very clear and not for the first time, that the US electric car company is welcome to open stores, manufacture cars and sell and export them from India, not import cars from India. China.
“If Elon Musk is ready to manufacture in India, no problem. Go to India, start production. India is a key market they can export cars from. But what if he If you want to make it in China and sell it in India, it can’t be a good proposition,” Gadkari said at a government meeting on April 26.
A Tesla vehicle is charging in Mumbai, India, October 2021. Image: Automobili Ardent
On the Tesla side, the company is said to have given up hope of importing and selling electric vehicles in India, despite lobbying officials in New Delhi for nearly a year to reduce tariffs – something CEO Elon Musk Said to be among the tallest in the world.
Tesla’s efforts came to a standstill when it failed to come up with a solid plan to invest in India – a move that could align with its “Make in India” vision. Prime Minister Narenda Modi aims to promote local manufacturing and create more jobs.
Before that, in October 2021, Mr. Gadkari once asked the American electric car company Avoid selling Chinese-made cars in India and prefer to build locally as the US electric car company prepares to enter the promising market in the South Asian country. Gadkari drove a Tesla and commented that the car is light and beautiful. He also said that similar technologies are already available in India.
The minister said that production costs for Tesla in India could be lower than in China. He also wants Musk to not only assemble cars in India. Instead, Tesla should hire partners from India because the government can give the company higher privileges. In addition, the Indian government will also ensure that the production costs with Tesla will be the lowest compared to any other country in the world.
In India, imported cars, including electric vehicles, are taxed at 100% if the CIF (cost, insurance and freight) price exceeds $40,000, or the petrol and diesel engines have a larger displacement, respectively. 3 liters and 2.5 liters. For cars with a CIF price of less than $40,000, the import tax is 60%.
America – England (according to Reuters)
at Blogtuan.info – Source: vnexpress.net – Read the original article here
