tesla ceo elon musk on electric cars in india

Tesla CEO Elon Musk unable to launch electric cars in India due to high import duties

Tesla CEO Elon Musk on EV cars in India news: Elon Musk, the CEO of Tesla, said on Saturday that his company wants to start selling cars in India, but that the country’s import duties on electric vehicles (EVs) are “by far the highest in the world.” In a tweet, Musk responded to YouTuber Madan Gowri’s request for Musk to launch Tesla cars in India.

“We want to do so,” Elon Musk responded to the tweet, “but import duties are the highest in the world by far of any large country! Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with India’s climate goals.”

Tesla CEO Elon Musk on electric cars

According to Reuters, Tesla, which plans to start selling cars in India this year, wrote to ministries and the country’s leading think tank, Niti Aayog, saying that lowering import taxes on fully assembled electric cars to 40% would be more appropriate.

Tesla CEO Elon Musk request low tariff due electric cars in India

Tesla’s request for lower tariffs is likely to be met with opposition from Prime Minister Narendra Modi’s government, which has championed high import taxes for many industries in order to boost domestic manufacturing.

“However, we are hoping that at least a temporary tariff reduction for electric vehicles will be provided, which would be greatly welcomed,” Musk wrote in another tweet.

India now charges a 100% import duty on fully imported automobiles with a CIF (Cost, Insurance, and Freight) value of more than USD 40,000 and a 60% levy on those costing less.

Elon also stated in a second tweet that Tesla is eager to establish a facility in India. There is, however, one important limitation. The plant will only be built if the imported vehicles are well received in India.

Tesla CEO Elon Musk on EV cars in India

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