Tesla Seeks Reduction In Import Duties On Electric Vehicles In India
At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent
PTI 24 July 2021, Last Updated at 7:27 am Unsplash PTI 2021-07-24T07:25:07+05:30 Tesla Seeks Reduction In Import Duties On Electric Vehicles In India outlookindia.com 2021-07-24T07:27:43+05:30
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US-based electric car major Tesla has demanded reduction in import duties on electric vehicles (EVs) in India, a senior government official said on Friday.
At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and cost, insurance and freight (CIF) value less or above USD 40,000.
Want to, but import duties highest in the world: Elon Musk on launching Tesla cars in India
The Tesla CEO expressed hope that there will be at least a temporary tariff relief for electric vehicles.
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WASHINGTON: Tesla founder Elon Musk said on Saturday that his company wants to launch cars in India, however, the country s import duties on electric vehicles (EVs) are highest in the world by far .
Replying to a Twitter user who requested Musk to launch Tesla cars in India, he said in a tweet, We want to do [launch EVs in India] so, but import duties are the highest in the world by far of any large country! Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.
Tesla CEO Elon Musk expects at least temporary relief for EVs in India in terms of import duty relaxation indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Elon Musk finds import duties too high to launch Tesla in India
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Tesla CEO expresses hope that there will be a temporary tariff relief for electric vehicles in the country.
Tesla founder Elon Musk said on Saturday that his company wants to launch cars in India, however, the country’s import duties on electric vehicles (EVs) are “highest in the world by far”.
Replying to a Twitter user who requested Musk to launch Tesla cars in India, he said in a tweet, “We want to do [launch EVs in India] so, but import duties are the highest in the world by far of any large country! Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.”
Elon Musk expects at least temporary relief for EVs in India in terms of import duty relaxation indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.