Industry Associations to play a key role in achieving target of $400 billion merchandise exports in 2021-22: Piyush Goyal indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.
Synopsis
Tesla chief executive Elon Musk said on micro-blogging platform Twitter on Saturday that import duties on vehicles imposed in India are the highest among any large country, adding that the company can only consider setting up a factory locally if it succeeds with imported models.
Agencies
The government is yet to take a call on reducing import duty on EVs, as sought by Tesla.
Indian automakers have raised concerns about the tax concessions sought by the world’s most valued automotive company, Tesla Inc, on fully built imported electric vehicles (EV) ahead of the local launch.
The concern from domestic vehicle makers comes close on the heels of the US electric carmaker’s letters to the ministries of finance, commerce and industry, road transport and highways, and Niti Aayog.
Domestic automakers flag Tesla sops call 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.