• Business News
  • Insurance
  • Saving
  • Share Market 5Paisa
  • Loan
  • Mutual Funds
  • Investment
  • Real Estate
  • Crypto coindcx
    • हिन्दी
    • తెలుగు
    • मराठी
    • বাংলা
    • ગુજરાતી
    • ಕನ್ನಡ
  • Close
  • Daily Show
    • 2+2=5
    • Take it Easy
    • Red Alert
    • Formula Guru
    • Money Gyan
    • Money Central
    • Money time
    • Jhatpat
  • Weekly Show
    • Money Comics
    • Economicom
    • Realty Check
    • Smile and pay
    • Money Tales
    • Spend Wise
    • Companynama
  • Insurance
  • Savings
  • Share Market 5Paisa
  • Loan
  • Crypto coindcx
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home » News » Exclusive » Tesla CEO Musk expects ‘temporary relief’ on import duty for EVs in India

Tesla CEO Musk expects ‘temporary relief’ on import duty for EVs in India

At present import duties in India are the highest in the world and is hoping for at least a temporary tariff relief, says Elon Musk

  • Money9
  • Publish Date - July 24, 2021 / 05:47 PM IST
Tesla CEO Musk expects 'temporary relief' on import duty for EVs in India

Tesla may set up a manufacturing unit in India if it first succeeds with imported vehicles in the country, according to CEO Elon Musk. He, however, said at present import duties in India are the highest in the world and is hoping for at least a temporary tariff relief for electric vehicles.

Interacting on Twitter with followers Musk said, “We want to do so, but import duties are the highest in the world by far of any large country!” Musk further said, “Clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.”

He, however, said, “We are hopeful that there will be at least a temporary tariff relief for electric vehicles. That would be much appreciated.”

“If Tesla is able to succeed with imported vehicles, then a factory in India is quite likely,” Musk said.

We want to do so, but import duties are the highest in the world by far of any large country!

Moreover, clean energy vehicles are treated the same as diesel or petrol, which does not seem entirely consistent with the climate goals of India.

— Elon Musk (@elonmusk) July 23, 2021

Download Money9 App for the latest updates on Personal Finance.

follow us

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
  • Instagram

also read

  • Industry bigwigs share insights at CFA Society India’s 7th India Wealth Management Conference

    Industry bigwigs share insights at CFA Society India’s 7th India Wealth Management Conference

  • CFA Society India gears up for the 7th edition of India Wealth Management Conference

    CFA Society India gears up for the 7th edition of India Wealth Management Conference

Read more news on

  • electric vehicles
  • Elon Musk
  • EV policy
  • Tesla
  • Tesla in India

Latest Video

SEE MORE
Why mutual fund investment is falling ever since FIIs have made a comeback?

Why mutual fund investment is falling ever since FIIs have made a comeback?

Updated: August 12, 2022
Tariff increase on cards; 5g tariff plans in India to make data expensive

Tariff increase on cards; 5g tariff plans in India to make data expensive

Updated: August 11, 2022
Why wheat prices won't fall even if wheat import duty is reduced?

Why wheat prices won’t fall even if wheat import duty is reduced?

Updated: August 10, 2022
Know Nifty 50 forecast, Sensex 30 forecast

Know Nifty 50 forecast, Sensex 30 forecast

Updated: August 9, 2022
Know the reason why onion prices are falling and current problems faced by onion farmers

Know the reason why onion prices are falling and current problems faced by onion farmers

Updated: August 5, 2022
Why clothes are not becoming cheaper despite  fall in cotton prices?

Why clothes are not becoming cheaper despite fall in cotton prices?

Updated: August 4, 2022
When will attrition in IT Sector and Tech Startups stop?

When will attrition in IT Sector and Tech Startups stop?

Updated: August 3, 2022
How will government's decision to implement 5% GST on non-branded food items impact you?

How will government’s decision to implement 5% GST on non-branded food items impact you?

Updated: August 2, 2022
Open in App

Related

  • M&M to launch 16 EVs in SUV and LCV spaces by 2027

    M&M to launch 16 EVs in SUV and LCV spaces by 2027

  • Oil companies to install 22,000 EV charging stations

    Oil companies to install 22,000 EV charging stations

  • Musk taking broadband to underprivileged districts with 200 terminals

    Musk taking broadband to underprivileged districts with 200 terminals

  • Government taps global firms for local battery production: Report

    Government taps global firms for local battery production: Report

  • Elon Musk is valued more than oil company Exxon Mobil

    Elon Musk is valued more than oil company Exxon Mobil

  • Niti Aayog woos Tesla by offering tax breaks

    Niti Aayog woos Tesla by offering tax breaks

Videos

  • Tariff increase on cards; 5g tariff plans in India to make data expensive
    Analysis

    Data To Make Your Pocket Light

  • Ministry of Civil Aviation removes airfare bands with effect from August 31, 2022
    Bulletin

    Freedom For Airlines in Ticket Prices

  • How does gadget insurance work? What does gadget insurance cover?
    Savings

    Protect Your Costly Gadgets This Way

  • What is the difference between Bulk and Block Deal?
    Helpline

    What is the difference between Bulk and Block Deal?

  • Why wheat prices won’t fall even if wheat import duty is reduced?
    Analysis

    The Battle For Indian Wheat Market

  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Know this india
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Daily Shows

  • 2+2=5
  • Take it Easy
  • Red Alert
  • Formula Guru
  • Money Gyan
  • Money Central
  • Jhatpat
  • Money time
  • Weekly Shows

  • Money Comics
  • Economicom
  • Realty Check
  • Smile and pay
  • Money Tales
  • Companynama
  • Spend Wise
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • Andorid
  • ios
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2022 Money9. All rights reserved.