For those of you who don’t know Tesla is Elon Musk’s company that plans to produce electric vehicles for a clean a sustainable future. Right now Tesla produces the Tesla Model S, Model Y, Model X and the Model 3.
According to sources, Tesla has started talks with the Karnataka Government to set up its research and innovation hub in Bengaluru. The discussion with the Karnataka Government was held on 10 September, as per reports. But we should keep in mind that the talks are still at a starting phase.
There are expectations that a follow up meeting will be held later this month. The government officials may give a detailed proposal to the executives of Tesla. India will be the following country to operate the research hub of Tesla outside the US.
It seems that Tesla EVs might soon come to India. Elon Musk has shown a lot of interest to enter the Indian Market and in July 2020 revealed his intentions to enter the Indian market by 2020, during IIT Madras visit. It seems our honourable Prime Minister is also interested in bringing Tesla to India. So we can hope that with the combined effort of the sides this might become a reality very soon.
This isn’t the first time Tesla has made such attempt, it has been trying to enter the Indian market for a long time, but its efforts have been mostly futile due to lack of infrastructure for electric vehicles in India.
To incentivise several EV companies, the Government of India reduced taxation and taken several other steps. For example, in 2019, the Indian Government reduced the customs duty for EV components to 5%. Moreover, the Indian Government has incentivised assembly of EVs in India by reducing the taxes of EVs assembled in India such that pre-assembled EVs in India will be taxed for 15% whereas if the Electric vehicle is assembled in India the taxation is reduced to 10%. Customs duty of EV batteries has also been exempted from increasing production of batteries in India and developing an EV ecosystem in India.
However, all these actions of both Tesla and the Indian Government hasn’t borne any fruit. Let’s see if the talks are a success or not.
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