You have to wait for Tesla’s electric car in India
The Indian government has said that if Tesla wants to sell its electric cars in India, it should set up its manufacturing plant here (in India). But, Tesla is not ready for this. It wants to import cars from its manufacturing plants in the US and China and sell them in India.
Tesla is the world’s largest electronics manufacturer. Its owner is Elon Musk, who has been in the news for days after recently announcing his purchase on Twitter. After all, what is the issue between the American company Tesla and the government, why is the government not allowing Tesla to enter the Indian market?
The news agency reported that Elon Musk has postponed Tesla’s entry into India. He has taken this decision after giving repeated statements by the government. In fact, the government has repeatedly rejected Tesla’s demand for a tax cut on the sale of Tesla cars in India. An angry Musk appears to have postponed his plans to enter India.
With this decision of Tesla, the possibility of selling Tesla’s electric car in India has ended. The market for electric cars in India is growing rapidly. The government is also helping in many ways to increase the sale of electric cars. In such a situation, the attractiveness of the Indian market for Tesla increases significantly. Tesla wants to sell its imported cars in India. Currently, the tax on the sale of imported cars in India is very high. The higher the tax, the higher the price of the Tesla car. Due to which it is no longer affordable. That’s why Musk is constantly demanding that the government reduce the tax.
The government has said that if Tesla wants to sell its electric cars in India, it should set up its manufacturing plant here (in India). But, Tesla is not ready for this. It wants to import cars from its manufacturing plants in the US and China and sell them in India. The government does not approve of this. The reason is that if the government gives tax exemption to Tesla, then other big brands of the world can also ask for such exemption.
The government announced a PLI scheme to promote manufacturing in India. Under this, the electric car company will get an incentive of Rs 45,016 crore to set up a manufacturing plant in India. The condition is that the global revenue of the company should be Rs 10,000 crore. The situation is very difficult for local car companies. However, big companies like Tesla easily fulfill this condition.
Tesla also argues that the reason why it is at the forefront of electric cars in the world is not just its cars, but an ecosystem. Under this, he has installed more than 30,000 superchargers in the world. If he wants to sell his car in India, he will have to install a supercharger here as well. Power cuts are a big problem in India. Due to which there is doubt about the success of Superchargers. Second, Tesla wants to start selling its cars in India as soon as possible.
Experts say that even though Tesla is giving tax reasons for the delay in its entry plan in India, the real issue is something else. Lithium is widely used in electric car batteries. It has been in short supply for some time now. Due to which its price has also increased a lot. The Indian market is huge, which could lead to a huge increase in the demand for Tesla cars once the sales start. A low lithium supply can hinder this. This is the reason why Tesla is now focusing on its entry in Indonesia instead of India. Lithium is abundant in Indonesia.