There may be an announcement of Tesla coming to India in January, the government has completed preparations, there will be bumper employment opportunities.
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Tesla Entry in India: Elon Musk (Elon Musk) Preparations for the entry of the leading electric car brand Tesla in India are going on at full speed. The company has announced to build its plant in India by investing 2 billion US dollars. There is talk that Tesla can set up its plant in Gujarat. After this, in no time the company’s vehicles will be seen running on Indian roads. It is understood that this can be formally announced in the Vibrant Gujarat Global Summit to be held in January 2024. Along with this, there is talk that Elon Musk may also come to India to participate in this program. However, no official information has been given by Tesla about this yet. As the government is trying, if Tesla also produces battery packs at the local level, then this step will work to boost the ecosystem of the EV segment. Currently the share of electric vehicles in India is only 2.4 percent. But this graph is increasing every month. At the same time, Tesla is trying to sell its cars throughout South Asia by setting up a plant in India.
A large number of people will get employment
Tesla’s establishment of a plant in India will provide employment to a large number of people. For this, professionals, skilled workers and non-skilled workers will be required. This is also likely to give strength to many start ups. However, the whole thing hinges on the concessions being demanded by the company. The Indian government official was asked whether the government was considering specific concessions for Tesla. On this he said never. This will never happen for any particular company. This will always happen for all institutions and companies. If any concessions are given, it will be linked to very stringent performance criteria for all. This will never happen for any particular enterprise. The official clarified that there is a lot of speculation regarding duty concessions and other news related to the company. Last month, Commerce and Industry Minister Piyush Goyal visited Tesla’s manufacturing plant in California and said the company would double its imports of vehicle components from India.
Why is the deal important till January?
It is considered very important for both India and Tesla to get this deal done by January. On one hand, this deal will make India’s economy grow very fast. At the same time, American President Joe Biden will be the chief guest on the occasion of Republic Day in January. In such a situation, India is trying its best to close this deal by January. Meanwhile, Tesla officials have started talks with the Indian government to set up a car and battery manufacturing unit. The EV maker has also talked about creating its own supply check ecosystem in India. The PMO has ordered government departments to resolve any differences with the company regarding investment. Regarding its investment, Tesla had demanded from the Indian government to impose 40 percent import duty on fully assembled electric cars. Currently, vehicles coming from abroad priced below $40,000 attract 60 percent import duty. Whereas, 100 percent import duty is collected on vehicles costing more than this.
Government should consider EV as not a luxury car: Tesla
The Indian government currently does not differentiate between electric cars and hydrocarbon-powered cars. Also, high charges are levied to promote local manufacturing. In this regard, Tesla says that the Indian government should consider its cars not as luxury cars but as EVs. This is the biggest hurdle in the deal between India and Tesla. Along with this, Tesla wants to sell some cars in the country before starting to manufacture its cars in India. This will give him an idea of the Indian market. However, it is now believed that the government may make some changes in its electric vehicle policy to bring Tesla to India.
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