Tesla in India / Rules will not be changed for Elon Musk - big announcement from the government

Tesla in India: Preparations have started for Tesla's entry in India. Tesla had submitted its plan to the central government. It had put the central government and its officials in confusion. It was being said that the government would need to make separate rules for that. Now the answer to this question has also come to light. In response to a question in the Rajya Sabha, the government has said that the Center is not going to make any separate rules for Elon Musk's company.

What is Tesla's plan?

According to Tesla's plan, American electric car maker Tesla is ready to invest $2 billion to set up a local factory if the government gives 15 percent discount on imported vehicles during the first two years of operation in India. According to the ET report, Tesla has submitted a detailed plan to the government. The volume of investment in this plan has been linked to the number of imported cars of Tesla.

According to Tesla's plan, the company is ready to invest up to $500 million if the government gives tariff concession for 12,000 vehicles. If this concession is given for 30,000 vehicles then the investment can increase to 2 billion dollars. According to experts, the government has started examining Tesla's offer to see whether an investment of $2 billion to set up a factory is really right or not.

Government is paying attention to this

The government wants to reduce the number of concessions sought by American car makers on imported cars. According to the information, the government is also evaluating whether the concessional tariff on total EVs sold in India in the current financial year (10,000 units) can be reduced to 10 percent and it can be increased to 20 percent in the next financial year. Can be increased. Around 50,000 EVs have been sold in the current financial year 2023 and its number is expected to reach one lakh in the current financial year. Tesla may commit to localizing up to 20 percent of the value of cars manufactured in India in 2 years and increasing it to 40 percent in 4 years.