Tesla, Elon Musk Welcome to India but Only As per Govt Policies, Says Union Minister Mahendra Nath Pandey

Published:Nov 26, 202316:15
Tesla, Elon Musk Welcome to India but Only As per Govt Policies, Says Union Minister Mahendra Nath Pandey

New Delhi, June 18: Elon Musk and Tesla are welcome to India but the federal government is not going to compromise in any means on the coverage of Aatmanirbhar Bharat or self-reliant India, Union minister Mahendra Nath Pandey mentioned on Saturday.

American electrical carmaker Tesla, which has been searching for discount in import duties to promote its autos in India, is not going to manufacture its merchandise regionally except it's allowed to first promote and repair its automobiles within the nation, firm founder and chief govt Elon Musk had mentioned final month. Tesla in India: Manufacturing Cars within the Country Will Also Benefit Elon Musk, Says Nitin Gadkari.

"Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars," Musk had mentioned in a tweet responding to a consumer asking about Tesla's plans to arrange a producing plant in India.

Addressing The Global Summit by TV9 on Saturday, the Minister for Heavy Industries and Public Enterprises mentioned: "The government under the leadership of Prime Minister Modi has moved ahead swiftly on the Aatmanirbhar Bharat policy and received a very good response on it and we are not going to compromise on that in any way.

"Tesla, Elon Musk are welcome to India but solely in accordance to the nation's insurance policies," he added. In August final yr, Musk had mentioned Tesla might arrange a producing unit in India if it first succeeds with imported autos within the nation.

Currently, India imposes 100 per cent import responsibility on totally imported automobiles with CIF (Cost, Insurance and Freight) worth greater than USD 40,000 and 60 per cent on these costing lower than the quantity.

(This is an unedited and auto-generated story from Syndicated News feed, SociallyKeeda Staff might not have modified or edited the content material physique)

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