SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 16 Jan, 2022  

tesla-logoTHMB.jpg After Telangana, Maha Minister invites Elon Musk

tesla.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 16 Jan, 2022
Maharashtra Water Resources Minister Jayant Patil on Sunday offered Tesla CEO Elon Musk to set up manufacturing in the state for electric cars.

This comes after Telangana Industry and Commerce Minister K.T. Rama Rao invited Musk to set up shop in his state.

In his tweet to Musk, Patil said: "Maharashtra is one of the most progressive states in India. We will provide you all the necessary help from Maharashtra for you to get established in India.

"We invite you to establish your manufacturing plant in Maharashtra."

on January 13, Musk had informed that the EV maker is facing a "lot of challenges" for its car launch in India.

"Still working through a lot of challenges with the government," Musk tweeted.

Musk was replying to a Twitter user, who asked: "Yo @elonmusk any further update as to when Tesla's will launch in India? They're pretty awesome and deserve to be in every corner of the world!"

In response to Musk, Rama Rao said Telangana is a champion in sustainability initiatives and his government would be happy to partner with Tesla in working through the challenges.

"Hey Elon, I am the Industry and Commerce Minister of Telangana state in India. Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana," he said in a tweet.

"Our state is a champion in sustainability initiatives and a top notch business destination in India," he added.

Tesla wants to begin selling imported cars in India this year, but taxes in the country are among the highest in the world.

With a $39,990 global price tag, Tesla Model 3 may remain as an affordable model in the US but with import duties, it would become unaffordable in the Indian market with an expected price tag of around Rs 60 lakh.

Currently, India levies 100 per cent tax on the imported cars of price more than $40,000 (Rs 30 lakh) inclusive of insurance and shipping expenses, and cars less than $40,000 are subject to 60 per cent import tax.

Meanwhile, Rao was praised by the Twitterati for his reply to Musk by eminent personalities including actors, journalists and industry leaders. They also supported the idea of EV in India.

"Love this car so much Elon Musk. Feels like hope is around the corner," wrote actor Genelia Deshmukh.

"Elon Musk, Come to Hyderabad - India! It will be epic to have you. The Government here in Telangana is terrific too," tweeted actor Vijay Devarakonda.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter