खट्टे अंगूर? चीन को लगता है कि टेस्ला का भारत में कारोबार बर्बाद हो जाएगा

Sour grapes? China thinks Tesla's India biz will be doomed

Elon Musk, CEO of Tesla, has faced criticism for his plan to establish an electric car factory in India. Despite the opposition, Musk intends to visit India later this month to meet with Prime Minister Narendra Modi, during which the announcement of Tesla's factory plans is expected.

Musk's negotiations with the Indian government have been protracted. He has expressed a preference for importing cars into India at a reduced duty rate, whereas the Indian government has urged him to commence local manufacturing. With the recent unveiling of India's new EV policy, Musk is anticipated to formalize Tesla's entry into the Indian market. The policy, tailored to potentially accommodate Musk's preferences, stipulates that completely built-up electric cars with a minimum cost, insurance, and freight value of $35,000 (approximately Rs. 29.2 lakh) will incur a 15% import duty for five years. In return, Tesla would need to commit to investing a minimum of $500 million to initiate local manufacturing operations. This policy shift is significant, considering that India typically imposes import duties of up to 100% on completely built-up cars.

Despite the hurdles, Musk remains determined to forge ahead with Tesla's expansion into India. The planned meeting with Prime Minister Modi holds promise for solidifying Tesla's foothold in the Indian market. The outcome of their discussions could pave the way for Tesla's strategic positioning within India's burgeoning electric vehicle sector.

Tesla's entry into India is viewed as a significant milestone, potentially catalyzing innovation and competition within the domestic automotive industry. Moreover, Tesla's renowned electric vehicles could contribute to India's efforts to combat pollution and reduce reliance on fossil fuels.

Overall, Musk's persistence in navigating regulatory challenges underscores Tesla's commitment to global expansion and its vision of transforming transportation through sustainable energy solutions. As the Indian market eagerly awaits Tesla's arrival, the upcoming meeting between Musk and Prime Minister Modi holds the promise of shaping the future of electric mobility in India.

News Reference

Follow the Hindeez on Google News
Follow the Hindeez channel on WhatsApp