Govt Seeks Tesla’s Sourcing And Manufacturing Details Before Entry Into Indian Market

Govt Seeks Tesla’s Sourcing And Manufacturing Details Before Entry Into Indian Market

SUMMARY

This comes in the backdrop of reports suggesting that Tesla had written to government think tank Niti Aayog urging it to cut federal taxes on imports of fully assembled electric cars to 40% from the current 100%

The departments have also asked Tesla for its thoughts on importing fully built cars versus so-called knocked-down units or partially built vehicles, which attract a lower import levy

The Indian government has set a target of 30% electric vehicles on roads by 2030

India has asked Tesla Inc. to fasten the local procurement and share manufacturing plans before the carmaker’s demands for lower taxes on electric vehicles are considered.

According to a report by Mint, the ministries of heavy industries and finance sought the details from Tesla in a meeting earlier this month. This comes in the backdrop of reports suggesting that Tesla had written to government think tank Niti Aayog urging it to cut federal taxes on imports of fully assembled electric cars to 40% from the current 100%.  According to another Mint report, the union government is taking steps to promote the use of electric cars by lowering domestic taxes and installing charging stations. 

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