Table of Contents
Overview
Tesla had plans to enter the Indian market during the early 2022 , but due to some reasons the plan has been dropped by the manufacturer, but what really happened , which made tesla to take this action ? As per the autocar india’s report . Tesla initially had registered its R&D office in Bengaluru as Tesla Motors India & Energy Pvt Ltd in January 2021. The company even named three directors as part of its team in the country.
CBU MODEL
Although , Indian government had suggested , tesla to manufacture the cars and sell , in India itself . But here Tesla had different plans , since being an new entry in India , like the other car brands did the test , Tesla wanted to do the same and for the time being , it wanted to work on CBU unit and bringing further imported models. Later investing in manufacturing plant in India. And for innating the plan , tesla had requested for the lower import duties by 40 percent for EVs, which would reduce the entry barrier and make it a viable business model.
Made In India
In current decade , the domestic market or domestic products are being encouraged under the Make in India campaign , and to safeguard the interests of local industries, urging Tesla to commit to local manufacturing .As a result , there were no change in the tax structure and resulting into rejection of reduced import duties .
