Search
Advertisement
Elon Musk's Tesla engages with Indian govt officials ahead of PM Modi’s US visit

Elon Musk's Tesla engages with Indian govt officials ahead of PM Modi’s US visit

Tesla has been engaging with relevant stakeholders in India for over two weeks.

Chetan Bhutani
Chetan Bhutani
  • Updated May 17, 2023 7:45 PM IST
Elon Musk's Tesla engages with Indian govt officials ahead of PM Modi’s US visitTesla has been engaging with relevant stakeholders in India for over two weeks

Officials from the Elon Musk-led EV company Tesla have held talks with Indian government officials earlier today as the world’s leading electric vehicle maker considers investing in a manufacturing operation in the country.

Confirming this, government sources told Business Today TV that while Tesla can continue to sell cars in India, the government is not in favour of reducing the import duty. Currently, Tesla cars priced above $40,000 attract 100 per cent import duty, while the models priced below that threshold attract 40 per cent import duty in India.

Advertisement

Tesla’s renewed engagement with the Indian government comes ahead of Prime Minister Narendra Modi's scheduled visit to the United States in June.

Tesla has been engaging with relevant stakeholders in India for over two weeks.

The company is also looking at sourcing local components in India for its electric vehicles, as it seeks to diversify beyond China.

Watch: Billionaire Gautam Adani, Chaiperson of Adani Group helps airlift injured mountaineer from Kathmandu to AIIMS Delhi

ABOUT THE AUTHOR

Chetan Bhutani
Chetan Bhutani

Chetan Bhutani is a New Delhi-based economic policy journalist with ten years of experience in reporting and breaking stories about economic policy pertaining to India's infrastructure and financial sector, including highways, finance, railways, shipping, telecom, petroleum, and natural gas and currently works as an Associate Editor for Business Today TV. He is a journalist who works across multiple platforms and languages and offers in-depth coverage of the auto industry, regulations, new products, and reviews. Also, he has extensively reported about the actions taken by investigative authorities in relation to corporate and bank frauds as well as significant insolvency cases. Bhutani keeps a tight eye on all aspects of the government's public policies, from their creation to their implementation. In addition to his job, Chetan enjoys scheduling official appointments, travelling, going on road trips, playing cricket, and squash. Also, he is passionate about addressing climate change and road safety. He is a public policy enthusiast and has a master's degree in Public Administration.

Published on: May 17, 2023 5:05 PM IST