March 02, 2025 09:42 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Crucial to have Trump’s support, says Zelenskyy a day after fiery White House exchange | 'We're looking for peace, Zelenskyy wants Russia-Ukraine war to continue': Donald Trump after White House public spat | Volodymyr Zelenskyy refuses to apologise to Donald Trump after public spat over Russia-Ukraine war | 'Make a deal or we are out': Donald Trump tells Volodymyr Zelenskyy at White House | Himachal govt seeks fund from temple to support welfare schemes, BJP calls move 'shocking' | Injustice to opposition MLAs: Atishi writes to Delhi Assembly Speaker on suspension of 21 AAP lawmakers | We will leave for US tomorrow: Father of Indian student Neelam Shinde after urgent visa grant | 'Not joining BJP or floating any party': Abhishek Banerjee dismisses rumours of his split from TMC | Pune bus rape accused arrested after 75-hour manhunt | Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief
Tesla

Tesla welcome to set shop in India, but shouldn't import from China to sell here: Nitin Gadkari

| @indiablooms | Apr 27, 2022, at 03:10 am

New Delhi: US-based electric carmaker Tesla is welcome to set up manufacturing units in India, sell the vehicles here and also export them but must not import cars from China, Transport Minister Nitin Gadkari said Tuesday, media reported.

"Making in China and selling here is not a good proposition," Nitin Gadkari said during a government conference, Reuters reported.

In July 2021, Reuters reported citing sources that Tesla wrote to ministries in the Narendra Modi government, including transport and heavy industries ministries, as well as government think tank Niti Aayog making the pitch that cutting down import tax on fully assembled electric cars to 40 percent would be more appropriate.

Currently, the tax rate is 60 percent for cars priced below $40,000 and 100 percent for cars priced above $40,000.

Earlier, other luxury carmakers had also lobbied for a reduction in import duties but opposition from rivals with domestic operations prevented any success.

Tesla has reasoned that a 40 percent import duty will make the car more affordable but the threshold will be still high enough to compel the manufacturers to manufacture locally if demands grow.

On Jan 13, Tesla's top boss Elon Musk had confirmed his company's India operations with a two-word tweet.

Tesla has registered an Indian unit to start its operations in the country and started recruiting top officials for running the business in India while also deciding on showroom space.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm