Another heavyweight entry is underway in the country’s electric car segment. Recently, American electric vehicle maker Tesla has announced that it will soon launch its vehicles in India. The company was registered a few days ago in Bangalore under the name of Tesla India Motors and Energy Pvt. But there have been reports that the company will face difficulties before Tesla arrives in the market.
According to a report published in Reuters, India is looking to increase import tariffs by 5 to 10 per cent. It can be announced in the annual budget to be presented on February 1. According to sources quoting the government, the government could increase the import duty on the country’s 50 goods ranging from smartphones to electronic components and other applications.
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The move to increase import tariffs is believed to be part of Prime Minister Narendra Modi’s self-reliant India campaign. It aims to promote and support domestic production. However, no official information has been shared about this yet. This move by the government will increase the price of electric vehicles. However, there is no information yet on whether the percentage of import tariffs on power units will be increased.
If the government increases import tariffs on power units in this year’s budget, it will definitely impact Tesla’s upcoming car prices. Tesla can offer its cars in India as Complete Built Unit (CBU), Complete Knockdown Unit (CKD).
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