Photo: News 24
India Imposes Highest Import Tax On E-Vehicles: Elon Musk
Tesla CEO Elon Musk has approached Indian authorities asking for a reduction in import tax before any launch of its electric vehicles in India. Musk took to Twitter and said, ''Import duties are the highest in the world." Reportedly, Musk is also looking for setting up a factory if gets respite in tax. However, India imposes a 60% tax on vehicles below $40,000 and 100% above the value.
Tags: Elon Musk, Import duties, Electric Vehicles, Tesla CEO Elon Musk, tax
Courtesy: The New Indian Express
Photo: Fortune
Elon Musk Tweets About Possibility Of Tesla Factory In India
Tesla owner Elon Musk tweeted that he will probably open a factory in India if successful with imported vehicles. According to sources, Tesla had written to the ministry for reduced import duties on electric vehicles. "We are hopeful that there will be at least a temporary tariff relief for electric vehicles," Musk wrote. Others had previously have persuaded for reduced duties but were always met with resistance from the government.
Tags: Tesla, Elon Musk, Tweet, Import duties, Factory
Courtesy: NDTV
