Finance Ministry not considering tax waivers for Tesla, says Revenue Secretary: Report
Last month, Tesla CEO Elon Musk had said that Prime Minister Narendra Modi was pushing the auto firm to make "significant investment" in the country, adding that such an announcement was expected soon, the newswire reported.
India's finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc (TSLA.O), Revenue Secretary Sanjay Malhotra told Reuters on Thursday.
Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country, adding that such an announcement was expected soon.
In the past, talks between the U.S. carmaker and the Indian government have involved seeking customs duty waivers for importing its electric vehicles, which was rejected by India.
"Any duty waiver for Tesla is not under active consideration of the Department of Revenue, as of now," Malhotra told Reuters on Thursday.
RELATED ARTICLES
MHI Flags Fuel Risks to Auto Sector, Urges Production Optimisation Amid Iran War: Reuters Report
Advisory calls for lower fuel use, shift to electricity and material efficiency as supply concerns rise.
Govt Says No Crude or Fuel Shortage; Has Stock to Cover 2 Months
According to the Oil Ministry, India has an actual crude oil and fuel stock to cover around 60 days.
SUN Mobility Wins India's First AIS-038 Certification for Swappable EV Battery Platform
The Bengaluru-based company's indigenously developed battery system for heavy commercial vehicles has been certified by ...




By Autocar Professional Bureau
14 Jul 2023
2681 Views

Kiran Murali
Sarthak Mahajan