‘Working through lot of challenges,' says CEO Elon Musk on Tesla's launch in India
Musk also stated that taxes in India are among the highest in the world and that he would want to see them reduced before entering the Indian EV market.
FollowTesla CEO Elon Musk recently has stated that the Electric vehicle manufacturer has a "lot of hurdles" in launching its vehicle in India. The business is collaborating with the Indian government on the matter. "We're still dealing with a lot of issues with the administration," Musk posted a tweet. He was responding to Pranay Pathole on Twitter, who asked, "Yo @elonmusk, any additional information on when Tesla's would launch in India?" They're very significant and should be in every country on the planet!"
Musk also stated that taxes in India are among the highest in the world and that he would want to see them reduced before entering the Indian EV market. Tesla plans to start selling imported vehicles in India this year, but the country's tariffs are among the highest in the world. However, according to various reports, several local players objected for tax reduction, claiming that such a move would discourage investment in domestic manufacturing.
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The CEO had previously expressed worries about introducing EVs in India due to hefty import taxes. Musk is hoping for a 'temporary tariff reduction for electric vehicles,' as Tesla hopes before launching any automobiles in India. Elon Musk has been talking about entering India for a few years, but it is conditional on concessions.
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For the unaware, the luxury EV industry in India is still in its infancy, and charging infrastructure is limited. Only 5,000 of the 2.4 million automobiles sold in India last year were electric, with only a few premium models among them. Musk said earlier this year that a Tesla facility in India would be feasible if Tesla succeeds with imported automobiles.
