“I am advised import duties are extraordinarily excessive (as much as 100 per cent), even for electrical automobiles. This could make our automobiles unaffordable,” Musk mentioned late Thursday whereas responding to a tweet from an Indian follower.
India has taken a slew of measures to advertise the use electrical automobiles within the nation. It lately slashed Items and companies tax (GST) on electric vehicles to 5 per cent from earlier 12 per cent.However to guard home automakers, it levies 125 per cent obligation on imported automobiles.In a dialog with a bunch of IIT Madras college students final month, Musk mentioned that Tesla could run on Indian roads in 2020.
The Avishkar Hyperloop workforce from IIT Madras participated within the finals of “SpaceX Hyperloop Pod Competitors 2019″, a worldwide competitors organized by the American aerospace producer and house transportation firm, on July 21.The workforce requested Musk when he’s planning to carry his firm Tesla to India.”To which, Musk mentioned it’s most likely going to occur in a yr’s time,” IIT Madras mentioned in a press release