• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, May 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Cars

Volkswagen supports Tesla’s request for lower import tariffs on EVs in India

by Balraj
August 11, 2021
in Cars, Electric Vehicles, India News
Reading Time: 2 mins read
0
Volkswagen and Tesla car in one frame

Image Source: Forsige

TwitterWhatsappLinkedin

Volkswagen has joined forces with Tesla in favor of lowering import duties in India, which has been a key challenge to automakers selling their cars in the market because of the high tariffs levied by the Government of India to encourage domestic production.

You might also like

Dodge Unleashes Four-Door Charger EV With 670 HP, Donut Mode, and Track Pack Brakes

Texas Legalizes Japanese Mini Trucks: A Victory for Vehicle Freedom Advocates

Porsche Recalibrates EV Ambitions: More Hybrids, Slower Electrification

Volkswagen and Tesla car in one frame
Image Source: Forsige

Tesla has seen substantial growth in India with its vehicles in recent months, seeking to strengthen sales in the world’s fifth-largest automobile market. The California-based automaker has gained significant headway with its India entry as ever before in 2021, securing business permits, registering as a legal corporation with the ability to sell cars, as well as bringing together a team of company executives to handle the overall operation. It appeared that Tesla would finally dominate the market, introducing India’s oil-savvy nation clean and sustainable all-electric vehicles.

Furthermore, import tariffs are undoubtedly a significant roadblock in the process as per the automaker. Cars costing $40,000 or less are subject to 60 percent import tariffs, while anything costing more than that amount is subject to a 100 percent tariff, almost doubling the overall price. Tesla tried to convince Indian government regulators to lower import tariffs.

Despite this, a handful of Parliament Members has refused to engage with the company, highlighting the necessity of domestic manufacturing. Some government officials are worried that this will discourage the growth of homegrown automakers as well as suppliers. The agreement must support India’s domestic corporations.

This created a major roadblock for Tesla’s possible entry, as CEO Elon Musk claimed that he had been hesitant to build a production factory in India without first diagnosing market demand across the nation. Therefore, Tesla experienced resistance from policymakers who said that individual corporations could not receive rebates however, Tesla appealed for all EV manufacturers to be eligible for the rebates. Earlier this week, Government officials indicated that efforts had started to lower tariffs in order to attract non-domestic manufacturers to offer their products in India.

Volkswagen Group has now joined the debate and is advocating for lower import tariffs in India. The automaker is requesting import tariffs concessions as low as 25 percent, suggesting that the reductions would not portray a “big threat” to local companies but would still make imported automobiles more expensive than homegrown alternatives. Gurpratap Boparai, the Managing Director of Skoda Auto Volkswagen India stated, “The market for EVs has to be big enough for investments to come in and for that, we shouldn’t be placing barriers.”

Volkswagen is pouring billions of dollars to transition towards battery-powered automobiles, which it hopes to contribute for half of its global vehicle sales by 2030, pushing to overtake Tesla as the world’s leading EV maker by 2025. Other manufacturers, such as Mercedes-Benz as well as Hyundai, have expressed support for the advocated reduction in tariffs. Domestic companies, such as Tata Motors, are, meanwhile, skeptical of the proposals.

Tags: electric vehicleElon MuskGovernment of IndiaGurpratap BoparaiHyundaiTata MotorsTeslaVolkswagenvolkswagen group
Tweet54SendShare15
Previous Post

Twitter photo cropping AI discriminates by age, weight

Next Post

How to Hide an Image on Facebook

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Dodge Unleashes Four-Door Charger EV With 670 HP, Donut Mode, and Track Pack Brakes

by Samir Gautam
May 22, 2025
0
Dodge Unleashes Four-Door Charger EV With 670 HP, Donut Mode, and Track Pack Brakes

A year after Dodge sent shockwaves through the muscle car world with the debut of its all-electric Charger coupe, the brand is doubling down on electric performance this...

Read more

Texas Legalizes Japanese Mini Trucks: A Victory for Vehicle Freedom Advocates

by Samir Gautam
May 22, 2025
0
Texas Legalizes Japanese Mini Trucks: A Victory for Vehicle Freedom Advocates

Texas has officially legalized the registration of imported Japanese mini trucks, also known as Kei trucks, thanks to the passage of SB 1816. The bill, which removes bureaucratic...

Read more

Porsche Recalibrates EV Ambitions: More Hybrids, Slower Electrification

by Samir Gautam
May 22, 2025
0
Porsche Recalibrates EV Ambitions: More Hybrids, Slower Electrification

Porsche, once a front-runner in the electric vehicle (EV) revolution among luxury automakers, has announced a significant shift in its electrification roadmap. At the company’s annual shareholder meeting,...

Read more
Next Post
How to Hide an Image on Facebook

How to Hide an Image on Facebook

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?