IN A CHANGE of approach, Elon Musk's Tesla is now considering manufacturing in India and is no longer pressing with its earlier demand for first, lowering import duty on completely built units, which is at 100% for cars costing $40,000 and above.
The duty on cars costing below this is at 60%. Tesla's demand in the past was to slash the duty to 40%.
Government sources told Fe that the Tesla team which has come to India and is having a series of meetings with key ministries as well as officials in the Prime Minister's Office (PMO), comprises supply chain executives, who have drawn up a manufacturing plan for India.
Sources said that Tesla may still ask for some duty concessions but that would be for testing the market for some of its models, which may not have high domestic demand.
Opening exclusive showrooms under single-brand retail, which requires 30% local sourcing, is also on the agenda.
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Denne historien er fra May 18, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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