Elon Musk Update: Elon Musk’s electric car maker Tesla has put the plan to sell electric cars in India on hold for the time being. The company has put the plan on hold to find a showroom. In fact, the Tesla central government was demanding reduction of import duty on imported electric vehicles from America and China before producing in India. Which the government refused to accept.
Tesla to do electric car manufacturing in India
The Indian government had clearly told Tesla that first of all, it should start manufacturing electric vehicles in the country first, then the government would consider reducing the tax. Let us tell you that 100% tax has to be paid on imported electric vehicle, which Tesla kept demanding from the government to reduce it.
India’s loss, Indonesia’s gain!
However, it is also believed that instead of setting up a manufacturing plant in India, Elon Musk can set up a Tesla car plant in Indonesia. Elon Musk is about to meet Indonesia’s President Joko Widodo. Elon Musk will discuss with him about developing the nickel industry for the battery supply of his electric vehicle.
Nitin Gadkari had given the invitation
Earlier in April, Road Transport Minister Nitin Gadkari had invited Tesla CEO Elon Musk to manufacture electric vehicles in India. Speaking at Raisina Dialogue 2022, Gadkari said that my advice to Elon Musk would be that he would get a good market in India. Indian market is huge. So it is a win-win situation for both of them. He said that if they do manufacturing in India, that will save them in India and also make good profits. So I request them to come to India and start manufacturing.
Government not in the mood to give tax exemption
The government had made it clear earlier that it was in no mood to give concessions to Tesla. The government had said that it may not happen that the market should be in India but job opportunities should be created in China. Minister of State in the Ministry of Heavy Industries, Krishnapal Gurjar had said in Parliament that it cannot be done in the Modi government that employment should be given to China and the market to India. It is the policy of the Modi government that if the market belongs to India, then the people of India should also get employment. In fact, Tesla has been demanding tax exemption for manufacturing electric vehicles in India.
read this also
Elon Musk on Twitter: Elon Musk announces, ‘Twitter deal is on hold’
Twitter Share: Twitter’s share fell 18%, Elon Musk’s decision to buy Twitter put on hold