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November 30, 2022

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Tesla Car: Elon Musk will not set up a Tesla car plant in India, Ola CEO Bhavish Aggarwal quipped like this

2 min read

The company’s CEO Elon Musk has made a big statement about whether Tesla’s cars will be launched in India. Ola Electric CEO Bhavish Aggarwal took a jibe at this.

The company’s CEO Elon Musk has made a big statement about whether the cars of the world’s largest electric car maker Tesla (Tesla) will be launched in India. Musk revealed Tesla’s plans in response to a question from a user on social media Twitter. But Bhavish Aggarwal, CEO of Indian electric vehicle maker Ola Electric (Ola Electric), took a jibe at Musk’s answer.

US electric car maker Tesla is demanding reduction in import duty to sell its vehicles in India. Company founder and CEO Elon Musk said on Friday that it will not manufacture its products locally unless it is allowed to sell and service its cars in the country.

When asked by a Twitter user about setting up a manufacturing plant in India, Musk said in a tweet, “Tesla will not set up a manufacturing plant in any place where we are not previously allowed to sell and service cars.”

Bhavish Agarwal quipped, retweeting Musk’s statement and gave his reaction, “Thanks, but no thanks”. That is, Bhavish said thank you… but there is no need to say thank you for this.

Last month, Union Minister for Road Transport and Highways Nitin Gadkari had said there is no problem if Tesla is ready to manufacture its electric vehicles in India, but the company should not import cars from China.

Musk said in August last year that if Tesla was the first to succeed with imported vehicles in the country, it could set up a manufacturing plant in India.

Tesla had been in talks with government representatives for more than a year. Due to the impasse in which the company took this decision. Tesla first wanted to gauge demand in the Indian market by selling imported electric vehicles (EVs) from production centers in the US and China at low tariffs.

But the Indian government committed Tesla to manufacturing locally before reducing tariffs. Billionaire Elon Musk says that the import duty in India is the highest in the world.

How much is the tariff on electric cars in India
In India, 100% tax is levied on imported electric vehicles worth more than 40 thousand dollars (above about 28 lakh rupees). Whereas there is a provision to levy 60 percent tax on vehicles priced below this.

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