Tesla Will Be Asked To Share Detailed India Manufacturing Plans
India has asked Tesla to speed up its search for local suppliers and share detailed production plans before considering the motorist's requirements for lower taxes on electric cars, said a person familiar with the matter.
The Ministry of Heavy Industry and Finance asked Tesla for details at a meeting earlier this month, while the government is considering a call by billionaire Elon Musk for tax cuts on electric cars in Asia's third-largest economy, the person said. , asked not to be public because discussions are private.
Departments have asked Tesla to consider importing prefabricated cars, known as collapsible or partially manufactured cars, which require a lower import tax, the person said. Said.
Tesla did not respond to requests for comment. Representatives from India's Heavy Industries Ministry and India's Ministry of Finance were not immediately available for comment.
In July, Tesla sent a letter to the government of Prime Minister Narendra Modi to reduce the import duty on electric cars from 40% to the current 60 percent. The company also called for an end to the 10 percent savings for social security, which levies all imported cars and helps fund health and education programs.
At the meeting, Tesla said it had ordered $ 100 million (about Rs 740 billion) shares from India and assumed that number would increase after the tax exemption, the person said. Tesla also promised to make significant direct investments in sales, service, and charging infrastructure, as well as to appreciate the large investment in production following the entry of the second most popular country in the world.
Musk has for several years expressed a desire to enter one of the most promising auto markets in the world, but complained that Indian regulations did not allow him to test imports first, as the production of Tesla vehicles with high tariffs was “unbearable”.