Tesla CEO Elon Musk has previously urged the Government of India to bring the taxes down. The Government is now asking Tesla to source auto components worth at least $500 million from India.
Tag: Elon Musk
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Tesla’s arrival in India may take time: Elon Musk
Getting a foothold in India for his Tesla is not going to be easy for Elon Musk. He stated that, he is still working through a lot of challenges with the government, in a Twitter post.
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Tesla interacts with indian firms for auto components
Tesla Inc is in talks with at least three Indian auto component suppliers as part of its plans to enter the local market, according to the Economic Times.
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Volkswagen supports Tesla’s push for a tax cut on importing EVs to India
Volkswagen India said that a duty cut on EVs to 25% from the current levels wouldn’t threaten the domestic players. It would help drive investment and speed up the creation of an ecosystem.
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India considers import tax cuts on EVs after lobbying by Tesla: Sources
The Indian government is discussing cutting the import duties on EVs to 40%. The government is open to a duty cut if it sees an economic gain but Tata Motors and Ola are against the proposal.
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Volkswagen CEO criticises hydrogen cars, Elon Musk supports him
Herbert Diess, the Volkswagen CEO, has criticised hydrogen fuel cars saying that such vehicles have not proved to be climate-friendly. Elon Musk of Tesla echoed his thoughts.
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Tesla to source lithium from Kidman
Kidman Resources Limited (Kidman) has entered into a binding agreement with Tesla Inc, the Elon Musk owned company that makes electric vehicles (EV), to supply lithium hydroxide.
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Tesla moves Model 3 deadline after $619 mn Q2 loss
Tesla has moved the deadline for the production of its Model 3 cars to 2018 after revealing its Q2 net income that registered as a loss of $ 619 million. The company has blamed the slow production of its battery module at Gigafactory as the main reason for the delay.
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India is betting big on electric vehicles
Few days were decisive one for Toyota Kirloskar Motor. It was the day the GST Council met to review tax rates in a vast swathe of product categories. By the end of the meeting, rates on 66 products were brought down, including pickles, agarbattis and cashew nuts.
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Elon Musk hints at delaying Tesla’s India debut
Electrici carmaker Tesla Motors may have to put its India plans on hold owing to local sourcing norms and supply issues, the Silicon Valley company’s CEO Elon Musk hinted in a tweet.
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