Tesla is gearing up to make its mark in India, eyeing a manufacturing plant in Gujarat. The final stages of negotiations for the EV giant's inaugural manufacturing unit in the country are underway and expected to be announced at the Vibrant Gujarat Summit starting on January 10.
However, as of now, neither the EV maker nor the state government has officially confirmed the development.
The EV maker and the Indian government are engaged in discussions regarding car manufacturing in India. Musk met PM Narendra Modi during his state visit to the US in June. Earlier in November, union commerce minister Piyush Goyal visited Tesla's California factory.
In 2021, Elon Musk's EV company had sought a reduction in import duties for electric vehicles, aiming for a decrease to 40 per cent from the existing range of 70-100 per cent, depending on the import value of the vehicles.
However, the government is currently not contemplating tax reductions for imported electric vehicles.
“Presently, there is no proposal either to provide an exemption from local value addition cost or to provide a subsidy on the import duty on electric vehicles in India,” Som Parkash, the minister for state for commerce and industry said in Winter session of parliament.
At present, Tata Motors holds the top spot as the leading electric car manufacturer in India, with its Nexon EV emerging as the best-selling electric car in the country.
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