Tesla Prepaering for Its Entry in India, Starts Certification Process of Electric Cars, Elon Musk

Tesla, one of the large electric vehicle (EV) companies, may soon start business in the country. This company of Billionaire Elon Musk has started the process of certification. However, Tesla’s quick manufacturing in the country is unlikely to begin. Earlier, Musk has said that it is a very difficult to have more tariffs on imported vehicles in India.

A media Report It has been told in India that Tesla in India has started the process to get certification from authorities. Initially two electric cars of the company can be launched. Before starting a business in the country, Musk wants to cut import tariffs. In the last one month Tesla The share price of the share has fallen by more than 30 percent. The company’s weak sales are a major reason behind this. Earlier this week, Starlink, a company providing Musk’s satellite internet service, gave information about tie-up with two big telecom companies of India.

Recently, American President Donald Trump has bought Tesla’s model S. Musk had helped Trump a lot during the election. Musk has also been given significant responsibility in the US government. However, atmosphere has been being created in the US against Musk for the last few months. The company’s first showroom in India may open at Brandra Kurla Complex (BKC) in Mumbai. The company has taken a space of about 4,000 square feet in BKC’s Maker Maxity Building. For this, a securities deposit of about 2.11 crore rupees has been given. The fare of this space will be Rs 35.26 lakh per month.

Last month, Musk had a meeting with Prime Minister Narendra Modi during his visit to America. Initially the company may import EV from its factory in Berlin, Germany. The Central Government is working on a new policy to promote the manufacturing of EV. In March last year, the government reduced custom duty to 15 percent on the import of EV with special conditions. In the new EV policy, the turnover may be required to increase Rs 2,500 crore within the second year of car makers for car makers. Along with this, the government can increase import duty exemption.