Tesla, Elon Musk welcome in India but according to policies: Heavy Industries Minister
New Delhi:
Union Minister Mahendra Nath Pandey said on Saturday that Elon Musk and Tesla are welcome in India but the government will not compromise in any way with the policy of self-reliant India or self-reliant India.
US electric car maker Tesla, which is seeking a reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to sell and service its cars in the country. Not granted, the company’s founder and chief executive Elon Musk said. last month.
Musk said in a tweet in response to a user asking about Tesla’s plan to set up a manufacturing plant in India, saying, “Tesla will not set up a manufacturing plant in any location where we were not previously allowed to sell and service cars.” Is.”
Addressing the Global Summit by TV9 on Saturday, the Minister of Heavy Industries and Public Enterprises said: “The government under the leadership of Prime Minister Modi has moved rapidly on the Atmanirbhar Bharat policy and has received a great response and we are not in that. But either way they are going to compromise.
“Tesla, Elon Musk are welcome in India but only according to the country’s policies,” he said.
Musk said in August last year that if Tesla was the first to succeed with imported vehicles in the country, it could set up a manufacturing unit in India.
Currently, India imposes a 100 per cent import duty on fully imported cars with a CIF (Cost, Insurance and Freight) value of more than US$ 40,000 and 60 per cent import duty on cars costing less than the amount.