Advertisement
Wednesday, Sep 22, 2021
Outlook.com
Outlook.com

Tesla Seeks Reduction In Import Duties On Electric Vehicles In India

At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent

Tesla Seeks Reduction In Import Duties On Electric Vehicles In India
Tesla is already sourcing various auto components from Indian automakers | Unsplash
Tesla Seeks Reduction In Import Duties On Electric Vehicles In India
outlookindia.com
2021-07-24T07:27:43+05:30

US-based electric car major Tesla has demanded reduction in import duties on electric vehicles (EVs) in India, a senior government official said on Friday.

At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and cost, insurance and freight (CIF) value less or above USD 40,000.

"Actually it's a revenue matter. But yes, their demand for lower tariffs is in public domain," the official told PTI on the condition of anonymity.

Recently, Union Minister Nitin Gadkari had said Tesla has a golden opportunity to set up its manufacturing facility in India given the country's thrust on e-vehicles.

Tesla is already sourcing various auto components from Indian automakers and setting up base here would be economically viable for it, the road transport and highways minister had said.

Gadkari had also exuded confidence that given the improvement in Indian products, within two years India would be capable of producing e-vehicles of Tesla's standard.

He had also said Tesla can make industrial clusters and create and develop its own vendors here.

Advertisement

Outlook Newsletters

Advertisement

Read More from Outlook

UNGA: Joe Biden Says US Not Seeking 'New Cold War' With China

UNGA: Joe Biden Says US Not Seeking 'New Cold War' With China

Without mentioning China directly, Biden acknowledged increasing concerns about rising tensions, even as he has been out of sync with allies on the chaotic exit from Afghanistan.

Air Marshal VR Chaudhari Appointed New IAF Chief

Air Marshal VR Chaudhari Appointed New IAF Chief

Air Marshal V R Chaudhari will take the reins as the chief of the Indian Air Force after the incumbent, Air Chief Marshal RKS Bhadauria, retires on September 30.

Tyagi Snatches Thrilling IPL Win For RR As PBKS Commit Harakiri

Tyagi Snatches Thrilling IPL Win For RR As PBKS Commit Harakiri

With 3 needed off 4 balls in the final over, Kartik Tyagi took 2 wickets to help RR win by 2 runs.

Munna Bhais Still Flying High In High-Profile Entrance Examinations

Munna Bhais Still Flying High In High-Profile Entrance Examinations

Experts believe the swindlers have taken control of the entire system and they are doing so without any fear. They suspect one can get 99.5% only if one gets the question paper in advance.

Advertisement