New Delhi6 days ago
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Elon Musk’s electric vehicle manufacturing company Tesla has again started looking for showroom space in New Delhi. News agency Reuters has given this information in one of its reports quoting sources. This is an indication that the company is reconsidering entering the Indian market after putting its investment plans on hold earlier this year.
Earlier, Tesla had canceled plans to enter India and Musk had also canceled his visit to be held in April. It was then expected that during the visit, Musk could announce a plan to invest $2-3 billion in India.
Company in talks with DLF
According to the report, Tesla is in talks with DLF, India’s largest property developer, for showroom and operational space in Delhi-NCR. The company is looking at multiple locations including DLF Avenue Mall in South Delhi and Cyber Hub in Gurugram. For this the company is also in talks with other developers.
Tesla is looking for a showroom of 3,000 to 5,000 square feet, in which it will provide customer experience center, delivery of Wheelux and its servicing facilities. The search for space for Tesla’s showroom is still in the initial phase, the company has not finalized anything yet.
Musk was going to come to India after the new EV policy
Elon Musk was to visit India between 22nd and 27th April this year, but suddenly he canceled the visit. Musk was also going to meet PM Modi during this tour. Elon Musk had planned to visit India after the government introduced a new EV policy. Under the new policy, foreign car manufacturing companies will have to invest at least $ 497 million (Rs 4,150 crore) in India to get tax benefits and start production of EVs within 3 years from a local factory/manufacturing facility. will be.
Union Minister Piyush Goyal had reached Tesla factory in November last year.
In November last year, Union Minister Piyush Goyal visited Tesla’s manufacturing facility in California. However, Elon Musk was not present during this time. He wrote on X- ‘It is an honor to have you in Tesla! I am sorry for not being able to come to California today, but I look forward to meeting at a future date.
While sharing the photos, Piyush Goyal wrote on Goyal said- ‘Missed the magnetic presence of Elon Musk and I wish for his speedy recovery.’
Goyal had learned about the car at Tesla’s manufacturing facility and met the Indian engineers working there.
There was no agreement between Tesla and the government even in 2022
- Tesla had also expressed its desire to come to India in 2022, but then talks could not be reached between the company and the government. Tesla had demanded the government to reduce the import duty on fully assembled vehicles from 100% to 40%.
- The company wanted its vehicles to be considered electric vehicles and not luxury, but the government had said that it had no intention of waiving or reducing the import duty on any electric vehicles imported from other countries.
- The government had said that if Tesla commits to setting up a manufacturing plant in India, then exemption on imports will be considered. However, Musk wanted to sell cars in India first and then consider setting up a plant.
- Also replying in a tweet on May 27, 2022, Elon Musk had said, ‘Tesla will not set up a manufacturing plant at any location where it does not already have permission to sell and service cars.’
