India Announced Stand On TESLA Coming India. Special Treatment Will Not Be Done Goyal Told.

India’s Commerce and Industry Minister, Piyush Goyal, has stated that the country will not create policies specifically for American electric vehicle manufacturer, Tesla. Instead, India’s laws and tariff regulations will be designed to attract all electric vehicle manufacturers.

Tesla has requested an initial fee concession in order to offset the high customs duties imposed on imported cars. Goyal emphasized that the government aims to encourage all electric vehicle manufacturers to come to India, as the adoption of battery-powered vehicles would reduce carbon emissions and the country’s crude oil import bill.

 

Ongoing Talks with Investors

 

Goyal revealed that several initiatives are currently underway to promote the electric vehicle ecosystem in India. The government is engaged in inter-ministerial consultations and discussions with stakeholders. Additionally, talks are being held with potential investors from Europe, America, Japan, South Korea, and other countries.

India’s high duties on motor vehicles, which are intended to boost domestic manufacturing, have been a major concern for foreign car manufacturers.

 

Free to Demand, But No Special Treatment

 

Goyal clarified that the government does not create policies based on the interests of any specific company. While companies like Tesla are free to present their demands, it does not guarantee that the government will grant concessions.

Goyal’s response came in light of questions about whether the government would offer any special benefits to Tesla for establishing a manufacturing facility in India.