Ilon Musk’s electric car company, Tesla, can enter India with direct activities to customers (D2C). This means that the company will be directly imported from America and will sell it from its Indian stores instead of making cars in India.
Because the Government of India can deploy the policy of electric vehicles in April of this year, in which there is a provision to impose only 15% of rights to companies that import electric vehicles. Therefore, the company can plan to install manufacturing plants and build cars in India later. Business today has given information about this by quoting sources.
The government has reduced import duties from 70% to 15%
The central government approved the EV policy policy for the promotion of the manufacture of electric passenger cars in India ‘ie (SPMEPCI) in March of last year under its vision to make India a hub manufacturing of electric vehicles.
In this policy, the government has reduced import duties from 70% to 15% to give automobile companies around the world. Foreign companies can take advantage of this exemption from 8000 taxes each year.
Under the rules of the policy, companies will have to invest at least 4,150 crosses and there is no limit on maximum investment. Companies will have to start their manufacture in India and EV’s commercial production within three years.
Auto companies will have to start the production of electric vehicles by planting factories within 3 years. In addition, within 5 years, the Domestic Value (DVA) publishing will have to reach 50%, that is to say that the local supply must be increased in the manufacture of electric vehicles. Auto companies will have to increase the local supply by 25% in the third year and 50% in 5 years.
Tesla did not participate in the discussion on EV
The government had recently discussed EV policy with companies, Tesla did not participate. But according to reports, the company has an eye on its development. Earlier, there was a news that the company had also identified the place where factories in Gujarat and Maharashtra in India and also hires.
On February 13, Prime Minister Modi met Ilan Musk during the American visit.
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Tesla officials will visit India in April: PMO and ministry officials; Possibility of investing 4 4 lakh crores in Maharashtra-Gujarat
The company officials arrive in India in April in the middle of the entry of the American company of Tesla electric vehicles in India. Here, they are in the officials of the Prime Minister (PMO), the Ministry of Heavy Industry, the Ministry of Highways (MANTH) and the Ministry of Commerce on issues related to the exploitation of the company. This information was provided today by companies by citing sources.