Tag: Tesla in India

India Weighs Five-Year Tax Cuts on EV Imports to Woo Elon Musk-led Tesla
14Nov By adminNo Comments
Technology

India Weighs Five-Year Tax Cuts on EV Imports to Woo Elon Musk-led Tesla

[ad_1] India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years, as it tries to entice the likes of Tesla Inc. to sell and eventually make its cars in the country.The Indian government is working on an electric vehicle policy that would allow international car manufacturers to import battery-powered vehicles on concessional duty rates if they commit to eventually building them in India, people familiar with the matter said.  We are now on WhatsApp. Click to join. A final decision is yet to be taken on the policy's contours, the people said, asking not to be identified as the discussions are private. Spokespeople from India's heavy industries and commerce ministries did not immediately respond to emails seeking comment....
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Tesla to discuss factory plan for new $24,000 car with India commerce minister -source
25Jul By adminNo Comments
Technology

Tesla to discuss factory plan for new $24,000 car with India commerce minister -source

[ad_1] Tesla representatives are set to meet India's commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters.Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle. The discussions represent a sharp reversal for the company after efforts last year to reduce import taxes on EVs shipped to India were scuppered by calls from government officials to commit to making cars locally. The meeting with the commerce minister would be the highest level discussion between Tesla an...
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Elon Musk in talks to set up Tesla factory in India; car prices may start at Rs. 20 lakh
13Jul By adminNo Comments
Technology

Elon Musk in talks to set up Tesla factory in India; car prices may start at Rs. 20 lakh

[ad_1] Tesla is in talks with the Indian government to set up a Gigafactory in India with the capacity for manufacturing 500,000 electric vehicles annually. For years, Tesla has been thinking about whether to set up a plant in India, but the plans seem to have moved forward with Elon Musk-led company in talks about making India the export base for the Indo-Pacific region, as per a report by the Times of India.Tesla's India plansAt present, Tesla's biggest plant remains in China with a reported annual manufacturing capacity of nearly 750,000 units. However, tech companies like Apple and Samsung have been looking to establish plants in alternative countries in a bid to boost sales in other regions as well as to minimize production losses caused by the country's tight restrictions. It seem...
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Tesla CEO Elon Musk meets PM Modi; says “Tesla coming to India”
21Jun By adminNo Comments
Technology

Tesla CEO Elon Musk meets PM Modi; says “Tesla coming to India”

[ad_1] On the first day of his historic USA state visit, Prime Minister Narendra Modi spoke with the Indian diaspora in New York and met a few influential technology leaders including the Twitter owner, and Tesla and SpaceX CEO Elon Musk. And according to Musk himself, meeting the Indian leader has left him impressed. Speaking to reporters after the meeting, Musk said, “I am a fan of Modi”. But that's not all, the billionaire entrepreneur also made a big revelation about Tesla cars coming to India.Answering a reporter's question after the meeting on the timeline when Tesla might come to India, he said, “I am confident Tesla will be in India and will do so as soon as humanly possible”. He added that Tesla is likely to finalise a location to set up its India factory by the end of 2023. El...
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Tesla ‘serious’ on establishing India production, innovation base, minister says
19May By adminNo Comments
Technology

Tesla ‘serious’ on establishing India production, innovation base, minister says

[ad_1] Tesla Inc is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker. The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market. "They are very seriously looking at India as a production and innovation base," Rajeev Chandrasekhar said in the first public comment by an Indian government official on the talks. "We have signalled to them that the government of India is working together (and) will certainly make whatever ambitions they have or inves...
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Nitin Gadkari, Elon Musk, China and India: What he said
9Dec By adminNo Comments
Technology

Nitin Gadkari, Elon Musk, China and India: What he said

[ad_1] Union Minister Nitin Gadkari said if Tesla founder Elon Musk wants to manufacture in India, then he is welcome. Union Minister Nitin Gadkari said if Tesla founder Elon Musk wants to manufacture in India, then he is welcome. "If the manufacturing happens in China than in India, they will not get concession for marketing. If they do manufacturing in India, in any state, then they will be benefited," the minister stressed. American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, Musk had earlier said. Union minister Nitin Gadkari on Friday said he is an avid foodie and the first serious thought that comes t...
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