Tesla CEO <a href="https://www.mid-day.com/technology/article/musk-living-in-usd-50000-tiny-prefab-house-in-texas-report-23182427" target="_blank" rel="noopener">Elon Musk</a> said that its electric vehicle (EV) company wants to launch cars in India, but the country's import duties on EVs are "highest in the world by far".
Replying to an Indian YouTuber on <a href="https://www.mid-day.com/news/india-news/article/india-accounted-for-highest-number-of-govt-requests-for-account-info-in-jul-dec-2020-twitter-23182872" target="_blank" rel="noopener">Twitter</a>, who asked him to launch Tesla cars ASAP in India, Musk blamed high import rates in the country.&nbsp;"We want to do so, but import duties are the highest in the world by far of any large country!" he wrote.
"Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India," he added.
Last year, a report said that India has taken a slew of measures to promote the use of electric cars in the country.
Also read: <a href="https://www.mid-day.com/technology/article/elon-musk-admits-teslas-cybertruck-could-be-a-flop-23183298" target="_blank" rel="noopener">Elon Musk admits Tesla's Cybertruck could be a flop</a>
The government slashed Goods and Services Tax (GST) on electric vehicles to five per cent from earlier 12 per cent but to protect domestic automakers, it levies 125 per cent duty on imported vehicles.
"I'm told import duties are extremely high (up to 100 per cent), even for electric cars. This would make our cars unaffordable," Musk earlier said while responding to a tweet from an Indian follower.
Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its meeting last year in July cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent, effective August 1, 2019.
The twin rate cuts are set to further boost the EV sector. The Budget, last year, had proposed an Income Tax deduction of Rs 1.5 lakh on the interest paid on the loans taken to purchase electric vehicles.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

The government slashed Goods and Services Tax (GST) on electric vehicles to five per cent from earlier 12 per cent but to protect domestic automakers, it levies 125 per cent duty on imported vehicles.

Elon Musk wants to bring Tesla to India, blames high import duties

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Home / Technology / Article / Elon Musk wants to bring Tesla to India, blames high import duties

Elon Musk wants to bring Tesla to India, blames high import duties

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