Tesla in India: Big blow to Elon Musk, Piyush Goyal said – will not make policy according to Tesla

Tesla in India: Big blow to Elon Musk, Piyush Goyal said – will not make policy according to Tesla

Piyush Goyal: Elon Musk's Tesla, which is preparing to enter India, has suffered a major setback. Commerce and Industry Minister Piyush Goyal has made it clear that the Central Government will not change its policies according to any one company. He said that all the electric vehicle companies of the world are welcome in the country. If they follow Indian rules then we want to see them working in India.

Tesla wants 70 percent custom fee on cheap cars 

Actually, America's famous EV company Tesla has made complete plans for its entry in India. Tesla also wants to do production in India. But, before that it wants to launch its finished cars in India. For this, Tesla had asked for concession in customs duty. Tesla had demanded imposition of 70 percent customs duty for cars costing less than 40 thousand dollars and 100 percent customs duty for cars more expensive. Tesla is preparing to launch a cheap car in India. 

Will not compromise on policies- Piyush Goyal 

Piyush Goyal said in an interview to PTI that we want to create an EV ecosystem in the country. Battery operated vehicles will not only help in reducing carbon emissions but will also help in reducing the import of crude oil. However, we will not compromise our policies to achieve this goal. We want all the EV companies of the world to set up their manufacturing units in India. For this, talks are going on with America, Europe, Japan and Korea.

Customs duty is applicable according to engine size and price 

At present, 60 to 100 percent customs duty is levied on cars manufactured from outside India. It depends on the engine size and price of the car. If Tesla decides to come to India, this will be its sixth plant. Elon Musk, owner of Tesla, the world's largest electric car maker, addressed the Prime Minister last year

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