India plans to reduce import tariffs on electric cars by 40 per cent. This information was provided by news agency Reuters. According to a Reuters report, a government official said, “We are not saying that the import tariff reduction is fixed, but yes, it is definitely being discussed.”
The official said that reducing import tariffs is not an issue as most electric vehicles are not imported into the country. But we need some financial benefit from that. We have to balance the concerns of domestic companies.
The government provided the information to: The news comes at a time when the central government has recently ruled out the possibility of reducing import tariffs. Union Minister Krishan Paul Gurjar told parliament that no such proposal is under consideration.
Elon Musk has also demanded: In fact, American electric car maker Tesla is desperate to enter India. Prior to the entry, the Tesla CEO had urged the Government of India to reduce the import duty on electric vehicles. Tesla has written to the Ministry of Transport and Industry requesting the import duty on electric cars to be reduced from 40-100 percent of the current range to 40 percent.
At the same time, Elon Musk also wrote on Twitter that import duty in India is the highest in the world. Several other companies, including Hyundai, have supported Tesla’s demand to cut import tariffs.
Are there preparations for a change in the national pension plan? The central government has given this answer
India is the fifth largest car market in the world with sales of about 3 million vehicles annually. However, most cars sold in the country cost less than $ 20,000. In addition, sales of electric vehicles in India are small.
