Days after Tesla CEO Elon Musk spoke about challenges when asked about the electric car's entry into the Indian market, TRS Working President KT Rama Rao has invited the billionaire businessman to set up shop in Telangana.
Rao said Telangana is a champion in sustainability initiatives and his government would be happy to partner with Tesla in working through the challenges.
"Hey Elon, I am the Industry and Commerce Minister of Telangana state in India. Will be happy to partner Tesla inA working through the challenges to set shop in India/Telangana," Rao said in a reply to Musk's tweet.
"Our state is a champion in sustainability initiatives and a top notch business destination in India," he added.
Musk on Thursday informed that the EV-maker is facing a "lot of challenges" for its car launch in India.
"Still working through a lot of challenges with the government," Musk tweeted.
Musk was replying to a Twitter user, who asked: "Yo @elonmusk any further update as to when Tesla's will launch in India? They're pretty awesome and deserve to be in every corner of the world!"
Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.
With a $39,990 global price tag, Tesla Model 3 may remain as an affordable model in the US but with import duties, it would become unaffordable in the Indian market with an expected price tag of around Rs 60 lakh.
Currently, India levies 100 per cent tax on the imported cars of price more than $40,000 (Rs 30 lakh) inclusive of insurance and shipping expenses, and cars less than $40,000 are subject to 60 per cent import tax.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.