P Balaji, Chief Financial Officer of the company said via video conference, “From Tata Motors point of view, Government of India, through FAME 2 incentives, has very clearly laid down the eligibility criteria for the direction in which to adopt EVs. We must move fast.
Tata Motors on Monday said it expects the government to continue its policy of promoting local manufacturing of electric vehicles (EVs) as part of its FAME scheme, amid calls for Tesla to lower import duties to sell its vehicles in India. will follow.
The auto company plans to add 10 new battery electric vehicles (BEVs) to its domestic product portfolio by 2025. The company said that it expects the government’s policy to continue in line with the policy already introduced by it for this segment.
Expected to work in line with FAME II of the government
P Balaji, Chief Financial Officer of the company said via video conference, “From Tata Motors point of view, Government of India, through FAME 2 incentives, has very clearly laid down the eligibility criteria for the direction in which to adopt EVs. We must move fast. It has always emphasized on affordable EVs as well as localization according to phased manufacturing plans. He said, ‘I am sure that the government will continue to work according to that particular thinking and the principles of FAME 2. We are all working in this direction.
Tesla demands reduction in import duty
America’s leading electric car maker Tesla has demanded a reduction in import duty on electric vehicles in India. According to sources, the company has written to the ministry and NITI Aayog demanding a federal tax of 40 percent on the import of fully assembled electric cars. At present, a federal tax of 60 percent is charged for cars costing less than $ 40,000 and a tax of 100 percent for cars costing more than $ 40 thousand. Tesla says electric cars could be more affordable if import duties are lowered. Let us tell you that currently the price of only one Tesla car Model 3 Standard Range Plus is less than 40 thousand dollars.
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