'Masca' came in handy for Elon Musk, the government will change the rules for Tesla!

The central government is planning to change its EV policy for global EV makers. Under which the government can reduce the tax on imported cars of more than 40 thousand dollars. With this decision, the chances of opening India's doors for global EV makers will increase.

Meeting with PM Narendra Modi from America, praise of PM Modi on social media, repeated meetings of Tesla team with officials of Modi government. All the masquerading of Elon Musk seems to be working. Yes, the government has started working on a new EV policy to get Tesla's entry in India and to promote investment. The government can give relief in import tax to those companies which will also do local manufacturing in the country. Actually all these efforts are being made for Tesla. Elon Musk and his team have held a lot of talks with the Government of India in this matter. At the same time, she was trying to persuade the government regarding the tax. In which he seems to be successful.

Thinking about reducing tax

It has been revealed in the Reuters report that the government can reduce the import tax of 100 percent to 15 percent of the vehicles completely manufactured abroad. The Narendra Modi government at the Center imposes a 10 per cent import tax on fully imported cars that cost more than $40,000. Cars priced below that are charged 70 per cent tax. Tesla is demanding to reduce or eliminate this import tax. In fact, Tesla's best-selling car is the Model Y, which costs $47,740 in the US.

Doors will open for global car makers

The official said on condition of anonymity that the government has agreed to Tesla's proposal and the government is showing interest. If such a policy is adopted, it could make imported EVs much cheaper. From which local car makers want to avoid. This could open the door for global vehicle makers other than Tesla to enter the world's third largest car market. Where EV sales are less than 2 per cent of total car sales, but growing rapidly. A third source said in a media report that the lower import tax could help Tesla sell its entire range of models in India, not just the new car it wants to make locally.

Indonesia has also done something like this

Other countries have also taken such measures to promote EV manufacturing. For example, Indonesia has offered to reduce import duty from 50 per cent to zero for EV makers planning to invest. The main purpose of this decision is to attract Chinese players and Tesla. No statement has yet come from India's Ministry of Commerce and Finance and Tesla. Two sources said that the policy is still in the primary phase of discussions and there could be a change in the final tax rate.

The exercise has been going on for two years

Tesla first tried to enter India in 2021 by pressuring the authorities to reduce 100 per cent import tax for EVs. Last year, talks between Tesla and the Indian government failed after officials pointed out that the company would first have to commit to local manufacturing. Recently, Tesla has told Indian authorities that it is keen to set up a local factory and manufacture a new EV priced at $24,000, about 25 per cent cheaper than its current entry model for both the Indian market and exports. Is.