AUTO

Elon Musk Shares Update on Tesla Launch in India, Says ‘Facing Challenges’


New Delhi, January 13: Tesla CEO Elon Musk on Thursday knowledgeable that the EV-maker is dealing with a “lot of challenges” for its automotive launch in India. “Still working through a lot of challenges with the government,” Musk tweeted.

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Musk was replying to a Twitter consumer, who requested: “Yo @elonmusk any further update as to when Tesla’s will launch in India? They’re pretty awesome and deserve to be in every corner of the world!” Tesla desires to start promoting imported automobiles in India this yr however says taxes in the nation are among the many highest in the world.

Elon Musk Shares Update on Tesla Launch in India, Says ‘Facing Challenges’

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With a $39,990 international price ticket, Tesla Model 3 might stay as an inexpensive mannequin in the US however with import duties, it might turn into unaffordable in the Indian market with an anticipated price ticket of round Rs 60 lakh.

Currently, India levies 100 per cent tax on the imported automobiles of value greater than $40,000 (Rs 30 lakh) inclusive of insurance coverage and delivery bills, and automobiles lower than $40,000 are topic to 60 per cent import tax.

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The authorities might take into account reducing import responsibility together with providing different sops to Tesla however for that, the EV main must make investments in establishing a producing facility in the nation. Earlier, Union Minister for Road Transport and Highways, Nitin Gadkari, knowledgeable that Tesla automotive would price about Rs 35 lakh in India.

(The above story first appeared on SociallyKeeda on Jan 13, 2022 02:44 PM IST. For more information and updates on politics, world, sports activities, entertainment and life-style, log on to our web site sociallykeeda.com).

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