It seems that Elon Musk’s horoscope does not have the sum of the entry of Tesla car into the Indian market. For the last several months, things like ‘Kabhi Ya Kabhi Na’ were coming to the fore regarding the entry of this car. However, now the wait for Tesla electric cars in India has become longer. Actually, Elon Musk has postponed the plan to sell these vehicles in the Indian market for the time being. According to the news of Reuters, Tesla Inc. Ltd. has stopped the process of locating its car showrooms in India. At the same time, many people of his team working here have been entrusted with new responsibilities. Three people associated with this matter told that the company has put its entire India plan on hold.
Musk and the government face off on import duty
Negotiations between Tesla and the government to reduce import duty have been stalled for a long time. Now more than a year has passed since this deadlock. Elon Musk wants the government to give exemption from import tax on bringing electric cars made by him to India before setting up Tesla’s factory in India, so that he can test the demand and response of his cars in the Indian market. However, the government has made it clear that if Tesla wants to sell cars in India, it will have to set up a factory here. She can take advantage of the government’s PLI scheme for this. Tesla’s electric cars that are made in China will not be sold in the Indian market.
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The government did not give any relaxation in the annual budget
According to Reuters, the company had set February 1 as the deadline for the launch of Tesla cars in India. On this day the Government of India presents its annual budget. The company wanted to see whether the Indian government makes any tax changes in the budget, and whether its lobbying works. Failure to do so, the company put on hold the plan to bring the Tesla car to India. Regarding this whole incident, Elon Musk had made a tweet about the ‘problems coming with the Government of India’. After this, many state governments had invited him to set up a plant here. This includes West Bengal, Telangana, Punjab, Maharashtra and Tamil Nadu.
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60 to 100% tax on foreign electric cars
, At present, electric cars costing up to $ 40,000 (about Rs 30 lakh) are taxed up to 60 percent in the country. At the same time, 100% tax is charged if the price is more than this. The price range of Tesla’s car models starts from $ 39,990 (about Rs 30 lakh) to $ 1,29,990 (about Rs 97.1 lakh). It has the company’s Model 3, Model Y, Model X and Model S. The model 3 has the lowest price in this.
, According to the current import duty, only the base model of Tesla’s cheapest Model 3 will attract 60% tax. In this way, this vehicle of about 30 lakh rupees will cost 48 lakh rupees in India only after adding tax. If we talk about its long range trim, then its price in the US is $ 49,990 (about Rs 37.34 lakh). With tax, it will be around Rs 75.5 lakh in India.
, The base model of Tesla’s Model Y is priced at $53,990 (about Rs 40 lakh) in the US, which will be available for Rs 80 lakh in India. Similarly, the base model of the Model X is priced at $99,990 (approximately Rs 74.6 lakh), which will cost Rs 1.5 crore in India. The base model of the Model S costs $ 89,990 (about Rs 67.2 lakh), which will be available in India for Rs 1.3 crore after adding tax.
