Tesla CEO Elon Musk on Thursday knowledgeable that the EV-maker is dealing with “a number of challenges” for its automobile launch in India.
“Nonetheless dealing with many challenges with the federal government,” Musk tweeted.
Musk was responding to a Twitter consumer who requested: “Yo @elonmusk any extra updates on Tesla launching in India? They’re superior and should be in each nook of the world!”
Nonetheless dealing with many challenges with the federal government
— Elon Musk (@elonmusk) 12 January 2022
Tesla desires to start out promoting imported automobiles in India this 12 months, however says taxes within the nation are among the many highest on the planet. With a $39,990 international price ticket, the Tesla Mannequin 3 could stay as an reasonably priced mannequin within the US, however with import duties, it is not going to be obtainable within the Indian market with an estimated price ticket of round Rs 60 lakh.
Presently, India imposes a 100% tax on imported automobiles valued above $40,000 (Rs 30 lakh), which incorporates insurance coverage and delivery bills, and a 60 p.c import tax on automobiles lower than $40,000.
The federal government could think about decreasing import duties together with providing Tesla different concessions, however that will require the EV main to put money into organising a producing facility within the nation.
Earlier, Union Highway Transport and Highways Minister Nitin Gadkari had knowledgeable that the Tesla automobile in India will price round Rs 35 lakh.