India hopes Musk’s potential entry goes beyond Tesla
The Tesla chief’s meeting with Modi is likely on April 22
India welcomes global manufacturers including Tesla Inc. and hopes that Elon Musk's entry into the South Asian market will go beyond electric vehicles and include projects such as battery technology and Starlink, said Rajesh Kumar Singh, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).
On the chatter around Musk’s meeting with Prime Minister Narendra Modi next week, Singh said he is hopeful the Tesla chief will bring all kinds of innovative projects to India, including EVs.
India welcomes global manufacturers including Tesla Inc. and hopes that Elon Musk's entry into the South Asian market will go beyond electric vehicles and include projects such as battery technology and Starlink, said Rajesh Kumar Singh, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).
The government’s EV policy offering lower import duty for manufacturers is not only intended to woo Tesla but any company that would like to enter the Indian market, Singh told Moneycontrol in an interview.
The secretary said the tax cut offered in the EV policy cannot be called "concessional" because 15 percent is the standard in most countries.
On what billionaire Musk is expected to announce, the secretary said it is for Tesla to clarify that.
The Tesla chief’s meeting with Modi is likely on April 22, after which a general announcement is expected on Tesla’s entry into India, Moneycontrol reported on April 16.
