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EV Policy (Business Standard)
EV Policy (Business Standard)
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Electric Car
Four years ago, Elon Musk kicked off a vociferous debate in India’s auto
industry when he said he wanted to come to India with the Tesla, but the
stumbling block was the steep import duties, the highest in the world, which
needed to go down substantially as a precondition to Tesla’s entry.
Domestic players such as Tata Motors and Mahindra & Mahindra opposed any
move to reduce duties on fully-built cars. Tesla, though, had the support of
other global players with manufacturing facilities in India: Hyundai,
Volkswagen, BMW, and others who, too, pushed for lower duties so that they
could