A Bloomberg report states that the company plans to sell electric cars in Delhi, Mumbai and Bengaluru initially. However, it is not known which Tesla models will be brought to the country. The company has factories in the US, China and Germany. The tariff can be reduced on the import of electric vehicles in India as part of the trade deal with the US. This may include increasing the limit of 8,000 vehicles on low tariffs to about 50,000 units.
In this regard, the Prime Minister’s Office, the Ministry of Commerce and Industry and Tesla have not received the answer to the recommendations sent for comments. America and China are big markets for Tesla. However, the company is getting a tough competition from the Chinese Ev Maker Byd. Recently, this American company in India also sought applications from candidates for some jobs. These include jobs related to advertising and customer service. Tesla has sought applications for jobs in Delhi and Mumbai. For the past few years, there have been some rounds of talks between the central government and Tesla. Earlier this month, the government had reduced basic custom duty from 110 percent to 70 percent on cars with more than $ 40,000.
India’s EV market is in the initial stages. Last year, the electric passenger vehicles in the country sold about one lakh units. In comparison, EV was sold for about 1.1 crore units in China last year. Last year, the government reduced the tariff to 15 percent on electric cars with a price of over $ 40,000. However, there was a condition with this that companies making electric vehicle would have to start local manufacturing in three years with an investment of $ 5 million in India.
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