Tesla, Elon Musk Welcome To India But Only By Government Policy: Minister of Heavy Industry

Elon Musk and Tesla are welcome to India but the government will not compromise in any way towards the policy of Aatmanirbhar Bharat or self-reliance India, Union Minister Mahendra Nath Pandey said on Saturday.

American electric car manufacturer Teslathe company is looking to reduce import duties to sell its vehicles in India, will not manufacture its products in the country unless the company is authorized to sell and warrant its first vehicle in the country, the founders and Company executives Elon Musk said last month.

“Tesla won’t put a manufacturing plant in any location where we’re not authorized to first sell and service cars,” Musk said in a tweet in response to a user asking about Tesla’s plans for a new car. Set up a manufacturing plant in India.

Speaking at TV9’s Global Summit on Saturday, the Minister of Heavy Industry and Public Enterprise said: “The government under Prime Minister Modi has gone ahead rapidly on Aatmanirbhar Bharat policy and received very good feedback about it.will compromise on that in any way.

“Tesla, Elon Musk is welcome to India but only according to the policy of the country,” he added.

In August of last year, Musk said that Tesla might set up a manufacturing unit in India if it first succeeds with imported cars in the country.

Currently, India levies a 100% import tax on imported CBU cars with a CIF (Cost, Insurance and Freight) value above $40,000 (approximately Rs 30 lakh) and 60% on those with a CIF value. less than this amount.

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