Tesla is only interested in seling its electricity cars in India, no plan for manufacturing!

Tesla, one of the large electric vehicle (EV) companies, is preparing to start business in India soon. However, this company of Billionaire Elon Musk wants to sell only electric cars in the country. There is no plan to manufacture Tesla in India. Minister of Heavy Industries HD Kumaraswamy told ANI, “Tesla is just interested in opening only one showroom. The company wants to sell its cars in India. Also there is no other information about Tesla.” The central government has launched a new portal for investment and manufacturing in the country for international EV companies. It is a part of the government’s scheme announced in March last year to promote manufacturing of electric cars.

The scheme has been offered to reduce duty on imported electric vehicles up to $ 35,000 to 15 percent. However, to take advantage of import duty exemption, the EV company will have to invest a minimum of $ 500 million in setting up factory in the country within three years. In this policy, an annual duty of up to 8,000 cars can be imported on reduced duty. The condition of financial eligibility for companies taking advantage of this policy has been made strict. In this, EV maker will have to get a minimum of Rs 50 billion revenue in the fourth year of his business. The company that does not meet this condition will have to pay up to three percent of the difference in revenue.

According to a report by Bloomberg, Tesla’s first showroom in the country may open in Mumbai next month. The company’s third largest automobile market in India seems to have a great possibility for itself. The last few quarters have reduced sales in large markets in Tesla like Europe and China. The company’s next showroom after Mumbai may start in Delhi. Tesla’s dealerships have also imported car accessories, supercharger components, spare parts and merchandise from the US and China. Tesla’s model Y can be launched initially in the country. Testing has been observed on the streets of this electric car in the last few months. <!–

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