Elon Musk apologizes after Piyush Goyal’s go to to Tesla Fremont manufacturing unit

The billionaire stated it was an “honour” to have Goyal go to the Fremont plant and expressed optimism about assembly the minister at a later date.

Replying to Goyal’s submit on X, Musk wrote, “It was an honor to have you ever go to Tesla! My apologies for not having the ability to journey to California at this time, however I look ahead to assembly at a future date.”

Goyal praises India’s position in Tesla’s journey:

Piyush Goyal lauded India’s position in Tesla’s journey to remodel mobility, citing the essential position performed by Indian engineers and finance professionals working in senior positions within the firm. Reiterating his earlier assertion, Goyal stated that Tesla is on monitor to double its part imports from India.

The Union Minister is presently on a four-day go to to the US, which started on 13 November, to attend the Indo-Pacific Financial Framework (IPEF) Ministerial Assembly and the Asia-Pacific Financial Cooperation (APEC) Summit.

Tesla’s EV manufacturing unit in India quickly?

The go to by Goyal comes at a time when there was a lot hypothesis in regards to the Indian authorities granting tax concessions to Tesla for organising an electrical car manufacturing facility in India. 

A current report within the Monetary Instances famous that the Indian authorities is contemplating decreasing the responsibility on electrical autos to fifteen% throughout the board. Nevertheless, the report notes that the coverage hasn’t but been agreed throughout the authorities.

In keeping with the Monetary Instances, Tesla has requested for an preliminary concession on customs responsibility levied on imported vehicles in India. All fully built-up (CBU) autos priced under $40,000 now face a 70% import responsibility, whereas these priced above $40,000 invite a 100% import responsibility.

Milestone Alert!Livemint tops charts because the quickest rising information web site on the planet 🌏 Click on right here to know extra.

Up to date: 14 Nov 2023, 11:18 AM IST