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Elon Musk breaks silence on Tesla India launch delay

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Tesla owner Elon Musk with Indian PM Narendra Modi. File photo Rediff.com
Tesla proprietor Elon Musk with Indian PM Narendra Modi. File picture Rediff.com

MUMBAI: Billionaire entrepreneur Elon Musk mentioned Thursday electrical automotive pioneer Tesla was “working through” loads of challenges with the Indian authorities forward of long-awaited plans to launch within the nation.

Tesla’s hopes to promote its automobiles in one of many world’s greatest markets have been stalled by efforts to barter decrease import duties, which could be as excessive as 100%.

In response to a tweet asking him a couple of potential India launch date, Musk mentioned his California-based firm was “still working through a lot of challenges with the government”, with out giving additional particulars.

Musk had tweeted final July that Tesla needed to enter India, dwelling to 1.3 billion folks, “but import duties are the highest in the world by far of any large country”.

He added that the agency hoped for non permanent tariff reduction.

India imposes a 100% tax on imported electrical automobiles price greater than $40,000, and 60% for these costing $40,000 or much less.

Tesla fears the steep duties will worth them out of the cost-sensitive Indian market.

New Delhi has launched incentives for international carmakers to fabricate their automobiles regionally however Musk has mentioned he desires to gauge demand with imports first.

Electrical vehicles accounted for just one.3% of all automobiles bought within the nation in 2020-21, based on analysis by digital consultancy Techarc.

The federal government’s goal is for 30% of personal vehicles to be electrical by 2030 as a part of a wider push to decarbonise the transport sector.



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