‘Challenges with government’ delaying Tesla India launch: Musk

Tesla’s hopes to sell its vehicles in India have been stalled by efforts to negotiate lower import duties.

Billionaire entrepreneur Elon Musk said Thursday electric car pioneer Tesla was “working through” a lot of challenges with the Indian government ahead of long-awaited plans to launch in the country.

Tesla’s hopes to sell its vehicles in one of the world’s biggest markets have been stalled by efforts to negotiate lower import duties, which can be as high as 100 percent.

In response to a tweet asking him about a potential India launch date, Musk said his California-based company was “still working through a lot of challenges with the government”, without giving further details.

Musk had tweeted last July that Tesla wanted to enter India, home to 1.3 billion people, “but import duties are the highest in the world by far of any large country”.

He added that the firm was hoping for temporary tariff relief.

India imposes a 100 percent tax on imported electric vehicles worth more than $40,000, and 60 percent for those costing $40,000 or less.

Tesla fears the steep duties will price them out of the cost-sensitive Indian market.

New Delhi has introduced incentives for foreign carmakers to manufacture their vehicles locally but Musk has said he wants to gauge demand with imports first.

Electric cars accounted for only 1.3 percent of all vehicles sold in the country in 2020-21, according to research by digital consultancy Techarc.

The government’s target is for 30 percent of private cars to be electric by 2030 as part of a wider push to decarbonise the transport sector.


Tesla’s Elon Musk downplays deal to supply cars to Hertz


© 2022 AFP

Citation:
‘Challenges with government’ delaying Tesla India launch: Musk (2022, January 13)
retrieved 13 January 2022
from https://techxplore.com/news/2022-01-tesla-india-musk.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechNewsBoy.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.