“Hey Elon, I am the Industry and Commerce Minister of Telangana state in India. Will be happy to partner Tesla inA working through the challenges to set shop in India/Telangana,” Rao said in a reply to Musk’s tweet.
Telangana Industry and Commerce Minister KT Rama Rao as of late invited Tesla CEO Elon Musk to set up shop in the state by means of Twitter. The minister expressed that the Telangana state government will work together with Tesla to solve the organization’s concerns. The minister’s greeting comes a day after Musk reacted to a Tweet by adding that the organization is as yet working with the Indian government on various issues. Musk on Thursday informed that the EV-creator is confronting a “lot of challenges” for its vehicle launch in India.
“Our state is a champion in sustainability initiatives and a top notch business destination in India,” he added.
“Still working through a lot of challenges with the government,” Musk tweeted.
Musk was replying to a Twitter user, who asked: “Yo @elonmusk any further update as to when Tesla’s will launch in India? They’re pretty awesome and deserve to be in every corner of the world!”
Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.
With a $39,990 global price tag, Tesla Model 3 may remain as an affordable model in the US but with import duties, it would become unaffordable in the Indian market with an expected price tag of around Rs 60 lakh.
Currently, India levies 100 per cent tax on the imported cars of price more than $40,000 (Rs 30 lakh) inclusive of insurance and shipping expenses, and cars less than $40,000 are subject to 60 per cent import tax.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week