Tesla in talks with govt, seeks duty cut

16-06-2017
DH

Earlier this year, Musk had stated that he was hoping for Tesla to enter India this summer with its products, which has so far not materialised.

“In discussion with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built,” Musk said in a tweet.

At present, India imposes 60% customs duty on import of completely-built electric cars priced less than $40,000. If the electric car is assembled in India, the customs duty on the completely knocked down units is 10%.

If the value of the imported car is more than $40,000 the customs duty is 100%. Replying to Musk’s tweet, Paytm founder Vijay Shekhar asked if there was an option to import some right-hand drive Model X in India and indicated that if so he would pay full duties.

Last year in April, Tesla had stated that it planned to enter India with its Model 3 in 2017, while it began global rollout of the vehicle in late 2016.

Model 3 is Tesla’s most affordable car yet and achieves 215 miles of range per charge while starting at $35,000 before incentives. The company’s other models include Model S and Model X.

Musk has been showing increasing interest in the country of late and had earlier this month tweeted about India’s commitment to sell only electric cars by 2030.

“It is already the largest market for solar power,” he had tweeted. Mahindra group Chairman Anand Mahindra responded to Musk’s tweet in a lighter vein saying, “Time you got out here Elon. You don’t want to leave that whole market to Mahindra do you?? The more the merrier- and greener..!”

Write your Comments on this Article

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Konkanworld.com will not be responsible for any defamatory message posted under this article. Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Konkanworld.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using Konkanworld.com will be purely at your own risk, and in no way will Konkanworld.com be held responsible. Similarly, Konkanworld.com reserves the right to edit / block / delete the messages without notice any content received from readers.

  • Konkan World
  • Stay Connected
  • Facebook Google+ Twitter YouTube

KONKAN WORLD offers accurate, up-to-date, a large collection of videos from KONKAN WORLD VIDEOS and indulge in fun you will not find else where!.
© Copyright 2014 Konkanworld media Inc