New Delhi: Union Minister Nitin Gadkari said on Tuesday that if the US Tesla There is ‘no problem’ if India is ready to manufacture its electric vehicles but the company should not import cars from China. In an interaction session at the Raisina Dialogue, Gadkari further said that India is a huge market and has a huge potential for all-electric vehicles.
“If Elon Musk (Tesla CEO) ready to manufacture in India so no problem…come to India, start manufacturing, India is a big market they can export from India.”
The Minister for Road Transport and Highways said that his request to Musk is to come and manufacture in India.
“But if he wants to manufacture in China and sell in India, it may not be a good proposition for India,” Gadkari said.
Last year, the Ministry of Heavy Industry also asked Tesla to start manufacturing its iconic electric vehicles in India before considering any tax concessions.
Currently, cars imported as Completely Built Units (CBUs) range from 60-100 per cent depending on engine size and cost, insurance and freight (CIF) value of less than or more than USD 40,000. comes with a fee.
Last year, in a letter to the Roads Ministry, the US firm had said the effective import duty of 110 per cent on vehicles with customs duties over USD 40,000 is “prohibitive” for zero-emissions vehicles.
It had requested the government to standardize tariffs on electric cars to 40 per cent irrespective of the customs value, and withdraw the social welfare surcharge of 10 per cent on electric cars.
It said that these changes would boost the development of Indians. EV The ecosystem and the company will make significant direct investments in sales, service and charging infrastructure; and significantly increase procurement from India for its global operations.
The company had argued that these proposals would not have any negative impact on the Indian automotive market as no Indian OEM is currently selling a car (EV or ICE) with more than USD 40,000 (approximately Rs 30.6 lakh) and only 1-2. does not produce. Percentage of cars sold in India (EV or ICE) having ex-factory/customs value exceeding US$ 40,000.
“If Elon Musk (Tesla CEO) ready to manufacture in India so no problem…come to India, start manufacturing, India is a big market they can export from India.”
The Minister for Road Transport and Highways said that his request to Musk is to come and manufacture in India.
“But if he wants to manufacture in China and sell in India, it may not be a good proposition for India,” Gadkari said.
Last year, the Ministry of Heavy Industry also asked Tesla to start manufacturing its iconic electric vehicles in India before considering any tax concessions.
Currently, cars imported as Completely Built Units (CBUs) range from 60-100 per cent depending on engine size and cost, insurance and freight (CIF) value of less than or more than USD 40,000. comes with a fee.
Last year, in a letter to the Roads Ministry, the US firm had said the effective import duty of 110 per cent on vehicles with customs duties over USD 40,000 is “prohibitive” for zero-emissions vehicles.
It had requested the government to standardize tariffs on electric cars to 40 per cent irrespective of the customs value, and withdraw the social welfare surcharge of 10 per cent on electric cars.
It said that these changes would boost the development of Indians. EV The ecosystem and the company will make significant direct investments in sales, service and charging infrastructure; and significantly increase procurement from India for its global operations.
The company had argued that these proposals would not have any negative impact on the Indian automotive market as no Indian OEM is currently selling a car (EV or ICE) with more than USD 40,000 (approximately Rs 30.6 lakh) and only 1-2. does not produce. Percentage of cars sold in India (EV or ICE) having ex-factory/customs value exceeding US$ 40,000.