Tesla Welcome To India, But...

Tesla are welcome to India but the Indian Administration will not compromise in any way on the policy of self-reliant India, Mahendra Nath Pandey, Union minister said.

Tesla, American electric carmaker that seeking reduction in import duties to sell its vehicles in India. The company will not manufacture its products locally unless it is allowed to first sell and service its cars in the nation, company founder and chief executive Elon Musk had said last month.

"Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars," Musk had said in a tweet responding to a user asking about Tesla's plans to set up a manufacturing plant in India.

Addressing The Global Summit by TV9, the Minister for Heavy Industries and Public Enterprises said: "The BJP govt has moved ahead swiftly on the Aatmanirbhar Bharat policy and received a very good response on it and we are not going to compromise on that in any way.

"Tesla, Elon Musk are welcome to India but only according to the country's policies," he added.

Currently, India imposes 100% import duty on fully imported cars with Cost, Insurance and Freight (CIF) value more than USD 40,000 and 60% on those costing less than the amount.