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Wednesday, November 8, 2023

Tesla is coming to India soon, Piyush Goyal and Elon Musk will meet

Tesla may enter India soon. Meanwhile, the country's Commerce Minister Piyush Goyal and Tesla owner Elon Musk are going to meet soon. This meeting can take place next week. It is expected that after that Tesla can knock in India anytime.

The world's richest man Elon Musk and India's Commerce Minister Piyush Goyal may meet soon. Piyush Goyal is going to visit America next week. He is likely to meet Elon Musk during this visit. This meeting of the two is being considered very important because there are reports of Tesla entering India very soon.

News agency Reuters has given this news quoting sources having information about this. Earlier in June, Prime Minister Narendra Modi had met Elon Musk during his visit to America. After that, this will be the first time when this high-profile meeting is going to take place.

Tesla ready to invest in India

Tesla wanted to enter India in 2021 itself. But she wanted to do market testing before investing in India or setting up a manufacturing plant. For this, he had recommended the government to give exemption in import duty. However, then this conversation was missed. After the meeting with Prime Minister Narendra Modi in June, the buzz about Tesla investing in India intensified. Now Tesla is interested in investing in India. Not only this, it is going to make a special Tesla car for India.

There can be talk on reducing taxes

Reuters news says that there may be a discussion between the two giants on reducing the import duty on electric cars. During this meeting, India's new policy on import of cars can be discussed. This policy will allow car companies to import fully built electric cars at 15% less duty. Currently this tax rate is 100%. However, no statement has been given by the Ministry or Tesla regarding this meeting and the issues of the meeting.

Will bring electric car worth Rs 20 lakh

Keeping in view the Indian market, Tesla is planning to launch an electric car for $ 24000 i.e. approximately Rs 20 lakh. Initially the company will bring it to India as a completely built unit, later it will manufacture it here. Also, cars made in India will be exported to other countries of the world. Tesla's effort is to make EV available to as many people as possible.

Although Tesla always claims to provide cars with good quality and new technology, its entry will increase competition for Indian domestic companies.

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