Elon Musk: Zero tax on Tesla car..?

Sowmiya Sriram
Elon Musk: zero tax on tesla car..?


Tesla, the world's largest electric vehicle manufacturer and retailer, has long sought to sell its cars in India. But the price of tesla cars in india exceeds Rs 1 crore as the government of india levies the same tax on the import of tesla cars as other cars. tesla, led by Elon Musk, has been in talks with the federal government for months, realizing that this price could be a major obstacle to sales growth for tesla cars. In this case, a government official told Elon Musk an important idea. Will Elon Musk accept this ..?
So far in the negotiations between the central government and the tesla management, the central government has said that it is ready to reduce the import duty on tesla cars, for which tesla has set up a factory in India. Elon Musk has already set up large-scale factories in the United States, China, and Germany, but said he would not set up factories in India. Instead, the tesla management has placed a plan with the central government to manufacture and export spare parts for tesla cars in India. The plan to introduce tesla cars in india continues to be delayed due to the Modi government's refusal to do so.

One of the questions to Elon Musk was when would tesla cars would be launched in India. Elon Musk said he was working with the government to address the issue. There is a great way to bring tesla cars with tax concession in India. The government official said that tesla cars can be imported completely knocked down (CKD), ie fully disassembled, and the parts can be imported at zero line to set up an assembly plant in india, thereby availing higher tax concessions.

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