Owning and driving a Tesla car will have to wait till the government reduces taxes on imports.
"I’m told import duties are extremely high (up to 100%), even for electric cars. This would make our cars unaffordable," said Tesla CEO Elon Musk on Twitter after an Indian fan asked him on Thursday.
Today duty on imported vehicles is around 125 per cent duty, even as the goods and services tax (GST) on electric vehicles was slashed from 12% to 5%, recently.
India charges a 125 per cent duty on imported vehicles, but on July 27 slashed the goods and services tax (GST) on electric vehicles from 12 per cent to 5 per cent, recently.
Two weeks ago, Musk told representatives of IIT-Madras’ Avishkar Hyperloop Team that he plans to bring his company to India in a year.