Tesla, Elon Musk Welcome To India, But…: Heavy Industries Minister

Tesla, Elon Musk Welcome to India, but...: Minister of Heavy Industries

Tesla, Elon Musk welcome to India, but according to policy: Minister of heavy industry

New Delhi:

Elon Musk and Tesla are welcome in India, but the government will in no way compromise the policies of Aatmanirbhar Bharat or self-reliant India, union minister Mahendra Nath Pandey said on Saturday.

US electric car maker Tesla, which has filed for a tariff cut 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 first, said founder and CEO Elon Musk of Company. last month.

“Tesla will not put a factory in a location where we are not allowed to sell and service cars first,” Musk said in a tweet in response to a user who asked about Tesla’s plans to set up a factory in India.

Speaking at the Global Summit by TV9 on Saturday, the Minister of Heavy Industries and Public Enterprises said: “The government led by Prime Minister Modi has made rapid progress on the policies of Aatmanirbhar Bharat and has had a very good response and we are not there at what way to compromise.

“Tesla, Elon Musk are welcome in India, but only according to the country’s policies,” he added.

In August last year, Musk had said Tesla could set up a manufacturing facility in India if it first succeeds with imported vehicles into the country.

Currently, India levies 100 percent duty on fully imported cars with a CIF (Cost, Insurance and Freight) value over USD 40,000 and 60 percent on cars that cost less than the amount.

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