Tesla in talks with Indian government for temporary relief from import duties
The government of India seems pretty clear that by the year 2030, only electric cars will be sold in the country. That's a very large market to capture, and trying to get its foot in the door now already, is Tesla. Earlier this year, Elon Musk, CEO of Tesla, stated in a tweet that he might set up shop in India in the summer of 2017. But that might just mean that he will begin setting up the infrastructure, and not start selling cars immediately. After all, India barely has an ecosystem for electric vehicles. Yesterday, in a response to a question on when the brand will come to India, Musk tweeted that he is currently in talks with the Indian government, asking for "temporary relief on import penalties/restrictions" on his products till he builds a local factory. He had also hinted earlier that he might build a Tesla Gigafactory in India.
Evidently, he is very serious about making an impact in the Indian EV sector as soon as possible. Last month, again in a response to a question on Twitter, Musk responded saying, "Maybe I'm misinformed, but I was told that 30 per cent of parts must be locally sourced and the supply doesn't yet exist in India to support that." However, the government's Make In India Twitter handle replied with clarifications. It stated that the FDI policy in India doesn't specify that manufacturers have to source a minimum number of components locally, to sell a product here.
- News2018 Ford Aspire facelift bookings open in India ahead of launch
- NewsMotoGP 2018: Marc Marquez claims Aragon GP victory
- NewsTVS StaR City+ launched in new grey-black paint option at Rs 52,907
- NewsSkoda appoints Pavel Richter as production technical director of its India 2.0 project
- NewsImage gallery: Royal Enfield Interceptor 650 and Continental GT 650 riding gear and apparel
- NewsImage gallery: Royal Enfield Continental GT 650 and Interceptor 650 accessories
- OpinionOn OVERDRIVE turning twenty...
- Review2018 Lexus ES 300h first drive review
- NewsThe OVERDRIVE 24 Hours Performance Run is coming your way this weekend
- NewsFerrari lays out plans till 2022, will build 'Purosangue' SUV