March 14, 2025 03:57 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In a setback for Donald Trump, US judge orders federal agencies to rehire fired workers: Report | 'We will thwart conspiracies hatched by Centre': Revanth Reddy on delimitation exercise | Chennai doctor, his wife along with two sons die by suicide due to huge debt: Cops | Amid language debate, Tamil Nadu drops rupee symbol in state budget | Scientist killed in assault by neighbour over parking argument in Mohali | British woman tourist raped in Delhi hotel by man she befriended on social media | Gold smuggling case: Court restrains media from publishing, telecasting defamatory statements against Ranya Rao | Trump warns Putin of 'devastating' financial impacts if Russia blocks Ukraine ceasefire | 'People are going to Russia right now as we speak: Donald Trump on Ukraine war ceasefire talks | Pakistani army claims to have freed all hostages in passenger train siege; 28 personnel killed
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