New Delhi: CEO Ola Bhavish Aggarwal on Tuesday stated that he did not agree with Tesla and Hyundai who persuaded to lower import duties for electric vehicles in India.
Aggarwal brings to Twitter to apply for his views on import duties.
He said, “Long disagree with both.
Let’s believe in our ability to build originally and also attract the global OEM to be built in India, not only imports.
We will not be the first country to do it!.” His tweet came in response to the Tweet about Hyundai MD S Kim who said that lower import duties on EVS would help grow the EV market in India.
Very disagree with both.
Let’s believe in our ability to build originally and also attract Global OEM …
https://t.co/Vhe9NZN5E8- Bhavish Aggarwal (@bhash) 1627376395000 Rinden, in response to Tweet about launching a Tesla car in India, CEO Tesla Elon Musk already said, “We want to do it, but import duties are the highest in the world as far as a big country”.
“But we hope that there will be at least a temporary rates for electric vehicles.
It will be very appreciated,” he said.
@ Madan3 we want to do it, but import duties are the highest in the world as far as a big country! In addition, …
https://t.co/UMFDZEEFLD- Elon Musk (@elonMusk) 1627065565000As from now on, India imposes 60% -100% of import duties on a car that is fully imported with CIF * (costs, insurance and shipping) , Ola encourages making indegenoius electrical mobility options.
It produces electric scooters in its factory in Tamil Nadu, which is claimed to be the largest factory in the world for electrical scooters with an annual production capacity of 2 million units.
Ola is ready to launch an electric scooter who is very awaited immediately in India.
It has received an extraordinary response from an angle with more than one lakh order in the first 24 hours opening a reservation of its electric scooter.
The company also plans to set up the Ola hypercharger network which will have more than 100000 charging points in 400 cities.