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Page 11 - இந்தியன் ஆட்டோமொபைல் உற்பத்தியாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tata Motors: Auto Inc divided: Sparks fly over demand for duty cut on EVs

Synopsis Tata Motors and Ola chairman Bhavish Aggarwal backed SIAM’s views, even as Hyundai India managing director SS Kim held that a reduction in the duty would help the industry generate demand and build volumes with imported EVs before commencing production here on a mass scale. Homegrown auto major Tata Motors said it supported localisation of EVs and was in principle against a special duty rate for importing EVs. Hyundai Motor India on Tuesday backed American carmaker Tesla’s demand for a cut in the import duty on electric vehicles (EVs), indicating emerging differences in the local automobile industry over the issue.

Local automakers flag Tesla sops call

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.

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