Will the Center change the rules to suit Elon Musk’s Tesla? Union Minister answers

 

Union Minister Piyush Goyal has said the government will not align its policies with those of Elon Musk’s Tesla and instead make laws and tariff rules to attract all electric vehicle manufacturers from around the world to set up base in India.

Union Commerce Minister Piyush Goyal.(ANI)
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Tesla is seeking initial tariff concession to offset 70 per cent customs duty for cars priced below $40,000 and 100 per cent for cars priced above. Union Commerce and Industry Minister Goyal told PTI that the Narendra Modi government recognizes the need for a vibrant EV ecosystem as greater use of battery-powered vehicles will cut carbon emissions and oil import bills.

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The minister said, “The government does not make policy for any individual company or its interests. Everyone is free to put forward their demands. But this does not mean that the government will take decisions based on what you demand. “Also read: India’s ‘Suzuki moment’ with Tesla? ‘Musk really admires what Modi has done’

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“We are working on a number of initiatives where we are having inter-ministerial (consultations) and interacting with stakeholders, from Europe, from the United States, from the Far East, from Japan, from Korea, from around the world. With potential investors.” he added.

When that happens, the factory will be Tesla’s sixth EV plant in India. In June last year, Musk met Prime Minister Narendra Modi. After meeting him, Musk had said that he would visit India this year.

“We believe that India should have a vibrant electric mobility ecosystem. We believe that there are many benefits to moving towards electric mobility. This will not only help us in our fight against climate change, but will also improve the environment and Will reduce pollution levels.” Especially in cities, which suffer largely due to ICE (internal combustion engine) or petrol-diesel fumes,” Goyal said.

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“So, it has many diverse benefits which will not only impact the environment of the country but will also impact the economy of the country, it will add to our economic output. It will save foreign exchange, reduce our trade deficit, help us fight Will do.” Inflation, which will help us reduce interest rates,” he said.

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