Tesla has always said that it wants to import cars first and then look at local manufacturing.
see photosPLI scheme provides benefits to those who are committed to local manufacturing
The Indian government has hit back at belligerent electric car maker Tesla, which is lobbying for massive import duty cuts that would allow it to sell its Made in China cars in India. But now the government has hit back, revealing that Tesla only wants import duty relief, but has not made any commitment to local manufacturing and has not applied for the Rs 44,000 crore PLI scheme. The scheme enables local eco-friendly manufacturing for automobiles, auto components and advanced chemical cells in India.
A senior government official at the Economic Times said, “They have not applied. Tesla can take advantage of the PLI scheme for the auto sector to make advanced chemistry cells, but the company does not show any commitment to produce here at a discounted fee.” wants.”
Recently, actress Pooja Batra imported a Tesla Model 3
photo credit: www.instagram.com
The incentives mentioned by the government provide concessions of up to 18 per cent to address cost inefficiencies and encourage auto manufacturers to deeply localize their supply chains in India. The government aims to develop and manufacture advanced automotive technology in India. This shows that it has already received investment proposals of up to Rs 45,016 crore from 20 applicants under the PLI scheme. These applicants include Hyundai, Suzuki Motor Gujarat, Ashok Leyland, Mahindra & Mahindra, Hero Motorcorp, Bajaj Auto and Ola Electric.
American electric car maker Fisker Automotive has also revealed that it will bring the Fisker Ocean electric crossover to India and later manufacture the Fisker Pear in partnership with Foxconn. There are also reports that Ford is planning to leverage its plant in India to manufacture EVs for export purposes. The government will release the official approved list of candidates next month.
Tesla’s chief executive, Elon Musk, who is also the world’s richest man, revealed last year that India’s import duties were the highest for any major country. He proposed a dramatic cut. Tesla is of the view that it needs to make a business case for local manufacturing with the sale of only its cars that are manufactured outside India.
Musk recently tweeted that to launch Tesla in India, issues would have to be resolved with the Indian government.
Tesla currently has four active Gigafactories – two in the US, one in Berlin for Europe and one in Shanghai for the Chinese and Asian markets. Tesla probably wants to serve India from its Chinese gigafactory, but the Indian government wants to see a commitment to local manufacturing.
In fact, when Musk revealed on Twitter in January that issues with the Indian government were to be resolved, several states hailed him, but all included local manufacturing benefits in their proposals.
The impasse comes as in January 2021, Tesla joined its Indian arm Tesla Motors India and Energi in Bangalore with investments through its Dutch arm. Tesla’s Model 3 is also said to have failed a road test in India, where there is chatter about a major suspension overhaul for the car in India. Elon Musk also revealed that he plans to put $25,000 car development on the back burner and is currently focusing on ramping up production given the global semiconductor shortage.
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Tesla’s goals are geared toward increasing profitability and ramping up production, while India seeks local manufacturing, a capital-intensive task that the world’s most valuable automaker is unwilling to do.
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