Categories: Business

Gather here to cut costs: Minister of Tesla

New Delhi: Tesla’s plan to import cars to India in concessions in charge has reached obstacles.
The Ministry of Industry is heavy, which sets the policy for the country’s car sector, has told the US electric auto giants that the government does not support the reduction of tasks only based on “intention to invest”.
The government has suggested that the entity established by Musk Elon must start the Indian business by starting with local assembly operations, and after that the scale is until the full manufacture.
“Offering assignment concessions when someone will consider investing after two-three years will be a reversal of the policies that we have participated in for several years, and will be unfair for existing players,” said a government source to TOI, adding that a lower rate It is not possible to be offered only for one company.
The government is worried that cutting throughout the industry in the duty of customs will result in imports of electric vehicles instead of companies, such as Ola, preparing manufacturing facilities.
Tesla’s executive has been told that they should consider importing a semi-knocking kit (SKD) to the country and assembling them locally to attract lower tasks, as opposed to importing units that are truly built.
Tesla has told the government that it has been a source of components from India for its global supply chain and proposes to increase it.
Musk has recently pitched for duties in India, because the company prepares to start sales.
“We hope there will be at least temporary rates for electric vehicles.
It will be highly appreciated,” he said during a conversation on Twitter.
India maintains more than 100% tasks on import vehicles as part of a strategy to encourage companies to produce domestically, strategies that have seen several car makers set up stores in this country.
It wants to adopt a similar strategy for EVS, with several officials think that the government by offering similar concessions to Apple a few years ago produced an iPhone maker to get its vendors to regulate manufacturing facilities in the country.
Some institutions such as Niti Aayog, Ministry of Transportation and Departments for industrial promotion and internal trade support deducted tasks.
But in the absence of support from the heavy industry ministry, the step was impossible.

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