Tesla continues to study the best way to enter the Indian auto market. For months, talks between the CEO of the US company Elon Musk and the government of the Asian country have proceeded with insistence, yet a total agreement between the parties has not yet been reached. In recent days, a new setback has arrived: Musk had asked the Indian government to offer tax breaks on imported Tesla electric, but the majority, after considering the proposal, decided to reject it to the sender.
“We looked into whether tariffs need to be reformulated, but some of the domestic production is growing and some investments have been made with the current tariff structure,” said Vivek Johri, president of the Central Council for Indirect Taxes and Customs. , suggesting that the rules that apply to all car manufacturers must also apply to Tesla. Musk’s request was very ambitious: to zero the import tariffs for the US house’s electric power plants to allow it to set foot in the country and subsequently build a factory there. Even some Indian state governments had requested greater tax breaks, inviting Tesla itself to open factories in their regions, but the federal government did not want to know: the current system of duties goes ahead, no discount for Elon Musk and associates .
However, a sort of counter-proposal against Tesla has arrived from the Indian government, almost a piece of advice: consider the hypothesis of importing already partially built electric, which are subject to lower import duties than already fully assembled vehicles. Recall that although India is the second most populous country in the world, electric cars still represent a very small part of the market, equal to less than 1% of the total sales recorded on the local market.
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