Tesla is welcome in India, but will not get any special treatment; Will Tesla enter the domestic market?
It has been said on behalf of government officials that the government is going to make a special policy for Tesla. The US company will have to apply for the incentive only under the existing policies. Elon Musk met with PM Modi in New York last month. After this Musk said that Tesla will definitely come to India.
The government is not going to make any separate policy or framework for the American electric car maker Tesla. The American car company will have to follow the PLI scheme introduced for other auto companies in India for incentives. This information was given by a government official.
Let us tell you, a PLI scheme of Rs 18,100 crore has been started by the government for Advanced Chemistry Cell (ACC) battery storage and Rs 26,058 crore for the auto, auto parts, and drone industries.
On behalf of the government official, it was said that we have informed Tesla about the policies of the government, which are for everyone. They can also apply under PLI like other companies. The policy will remain the same for all the companies. The government will not make a separate policy for anyone.
Further said that representatives of Panasonic, Tesla's largest battery supplier, have met us and they have said that they want to make batteries. We have suggested they apply under PLI ACC Battery.
Earlier last month, Tesla's representatives also discussed with the officials of the Ministry of Commerce and Industry regarding Atri in India. Tesla is the world's largest electric car company. Elon Musk met with PM Modi in New York last month. After this Musk said that Tesla will definitely come to India.
At present, fully imported vehicles attract custom duties ranging from 60 percent to 100 percent.
