Tesla Inc.: India Business Plans Face Uncertainity
Tesla tried hard to reduce import duties for EVs(electric vehicles), which can go upto 100%, but failed in its attempt. Musk would prefer to sell electric cars in India first before setting up a manufacturing plant in the country.
Tesla's most affordable car, Model 3 is placed in the luxury category due to high import duties and thus has gone out of reach of the masses.
If the US company decides to bring in its more expensive Model S or its luxury SUV Model X - both are expected to cost around Rs.1.5Crores.
Meanwhile a spate of electric scooter fires this year in India has alarmed the government, which is keen to promote use of such two- wheelers in its fight against pollution.
Faulty battery cells and battery modules are among the main causes, early investigations have identified.
India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales by 2030, from about 2% now.
However compressed natural gas (CNG) has emerged as an environment-friendly alternative to petrol and diesel. Kilograms of biodegradable wastes, sourced from markets, comprising of food, vegetables and fruit wastes have become the raw material for the plant generating CNG. Civic bodies prefer powering their trucks by CNG, sourced from biodegradable wastes. more