nitin gadkari, road ministry, niti aayog, elon musk-, tesla, niti
Niti Aayog Vice Chairman Rajiv Kumar on Thursday urged US-based Tesla to manufacture its iconic electric vehicles in India, while assuring the company that it will get the tax benefits it wants from the government. Speaking at a virtual conference of the Public Affairs Forum of India (PAFI), Kumar further said Tesla should not just ship its products into India as this will not create jobs in the country.
“Come and manufacture in India, you (Tesla) will get all the tax benefits you want,” he said while replying to a question about the company’s demand related to tax concessions.
“The argument that we will create a market by exporting into India finished products… is an old argument and we have moved on from that,” Kumar added.
Earlier this month, Road Transport Minister Nitin Gadkari had also said he has asked Tesla several times to manufacture its electric vehicles in India, while assuring that all support will be provided by the government to the company.
Last month, the heavy industries ministry had asked Tesla to first start manufacturing its vehicles in India before any tax concessions can be considered.
At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60-100 per cent, depending on engine size and cost, insurance and freight (CIF) value less or above USD 40,000.
In a letter to the road ministry, the Elon Musk-led firm had stated that the effective import tariff of 110 per cent on vehicles with customs value above USD 40,000 is “prohibitive” for zero-emission vehicles.
It has requested the government to standardise the tariff on electric cars to 40 per cent irrespective of the customs value, and withdraw the social welfare surcharge of 10 per cent on electric cars.
It has stated that these changes would boost the development of the Indian EV ecosystem and the company will make significant direct investments in sales, service, and charging infrastructure; and significantly increase procurement from India for its global operations.

NEWS RELATED

Apple TV+ shares teaser trailer for ‘WeCrashed’, a limited series about the fall of WeWork

Apple TV+ today released a trailer for a new limited series ‘WeCrashed’, which charts the rise and fall of WeWork, one of the most controversial technology startups of recent years. The series will debut on March 18 … Based on the podcast of the same name, the show will ...

View more: Apple TV+ shares teaser trailer for ‘WeCrashed’, a limited series about the fall of WeWork

Hyundai partners with quantum computer firm IonQ for battery development

Quantum computer maker IonQ Inc said on Wednesday that it is partnering with Hyundai Motor Co to use quantum computers to develop more effective batteries. The partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs and ...

View more: Hyundai partners with quantum computer firm IonQ for battery development

How to Show All Taskbar Corner Overflow Icons in Windows 11

The Windows 11 taskbar will hide certain running apps in the taskbar corner overflow. To make all running apps visible, follow this guide. Windows 11, by default, displays a few app and system icons in the bottom-left corner (known as the system tray). Not all icons are visible, however, with ...

View more: How to Show All Taskbar Corner Overflow Icons in Windows 11

Koenigsegg To Build Carbon Fiber Parts For Tesla Tuner

Unplugged Performance, a California Tesla tuner, announced this week that it has partnered with Koenigsegg Advanced Manufacturing to produce a series of carbon fiber aero modifications for Tesla vehicles. The parts will use Koenigsegg‘s carbon fiber production process and will be built alongside parts made for the automaker’s own vehicles. ...

View more: Koenigsegg To Build Carbon Fiber Parts For Tesla Tuner

Coinbase teams with Mastercard to make it easier for people to purchase NFTs

The big picture: Buying an NFT today is often a multi-step process that includes opening a crypto wallet, buying crypto, then using it to purchase an NFT from an online marketplace. It’s the norm for crypto enthusiasts but those new to the community might find it a bit complicated, which ...

View more: Coinbase teams with Mastercard to make it easier for people to purchase NFTs

Space and national security: What to expect in 2022

At the start of 2021, key questions loomed for the U.S. military space community: Would the Space Force survive under President Biden? Could the Defense Department’s space agency really build a megaconstellation? And when would United Launch Alliance fly the long-awaited Vulcan Centaur, a vehicle that the Pentagon is counting ...

View more: Space and national security: What to expect in 2022

How to tweak YouTube so it only recommends videos you want to watch

Have you ever been troubled by the videos YouTube recommends to you? If you want to take control of your YouTube Home, this article will show you how. My phone rang. The screen showed that Nancy, an old friend I’ve known for decades, was calling. I rarely get actual phone ...

View more: How to tweak YouTube so it only recommends videos you want to watch

Top 5  Ways to Fix Chrome Side-by-Side Con­fig­u­ra­tion Is Incor­rect in Windows

One of the infamous errors with Windows has been ‘side-by-side configuration is incorrect’ when launching an app. Some Chrome users have been complaining about the same lately. If you are among those, read along to learn how to fix an incorrect side-by-side configuration in Windows 10 or 11. Before we ...

View more: Top 5  Ways to Fix Chrome Side-by-Side Con­fig­u­ra­tion Is Incor­rect in Windows

Company car tax bands 2021/2022: everything you need to know

Two Zoom Bugs Exploit MMR, Client Servers

Brought home my first car; a Hyundai i20 N Line

Forgotten PS5 Crash-'Em-Up Destruction AllStars Refreshes Scoring in Update

Liquidity Mining Is Dead. What Comes Next?

Filmhub, backed by $6.8M from a16z and others, helps filmmakers get their work streamed

Console scalper says we should think about the young people making a good living from the practice

Origin of Life Revealed! Protein Structures May Answer How Life Began on Earth

Conspiracism demonstrates the importance of examining how evidence is used

Apple says it’s ‘not surprised’ by strong demand for its $19 Polishing Cloth, now backordered to 2022

How many unicorns are just piñatas filled with expired candy?

2022 Bentley Flying Spur Hybrid Is Cleaner and Greener Than the V8

OTHER NEWS

;