Tesla's CEO Elon Musk Blames Indian Government Regarding, Why Tesla Cars Were Not Launched In India?
Indian Government's striving to mould India into a global manufacturer hub for producing electronic vehicles (EV's) and their components. The global car and battery making companies like the Tesla and Chinese company Contemporary Amperex Technology Co. Limited are very curious to establish their facilities in India. It is said that, another Chinese company Build Your Dreams (BYD) is also interested to start their facility here.
The focus of tender is that, to produce ''Lithium-Ions'' batteries which will be used in the electronic vehicles with an investment of Rs.50,000 Crores. It is a multi-billion dollar opportunity'', said an government official.
To secure Indian energy needs, the plan to build a 50 gigawatt hour (GWh) factories was approved by the EFC. Each of these 50 GWh factories, i.e One GWh can power upto 30,000 EV's and 1 million houses.
Indian Government is planning to build 6 such GWh scale factories by the end of the year 2025 and 12 by the end of 2030. This tech will completely be tech-agnostic, which means it will be the people who will decide what's best for the country. If the demand would be high, then more than 30 GWh factories will be built.
These electronic cars and the large power batteries should be brought to clean energy play to help use the solar and wind energies. As the internal demand in the country is more, we need it in full scale. When countries all around the world were switching to electronic vehicles and going eco-friendly to decrease the air pollution, why did it take India such a long time to analyze the situation our country was in?
When Elon Musk, CEO of Tesla was asked, What's taking him so long to launch Tesla cars in India? He blamed Indian Government, for their typically ''high importing duties'' and their ''challenging regulation''. If India wants to compete with other countries, then they should first look at these issues. No company would like to invest their handload amount of money when the regulations and importing duties are so damn high.
India's transportation minister Nitin Gadkari visited Palo Alto, A California based company in 2016 proposing joint venture between electronic car makers and the Indian automakers to produce ecofriendly vehicles. Beloved Prime Minister Narendra Modi has visited Tesla's California Facility in the year 2015. Tesla would have started their production in India way back if not for these typical government regulations.
All these factories come up with the government's support. The centre of attention is that, the production work should be made in India and the value addition has to add up inside the country itself. The government to encourage people to buy electronic vehicles has cut tax rebates of upto 1.5 lakhs for interest paid on loans, with a total exemption benefit of ₹2.5 lakh over the entire loan period.