Moneycontrol PRO
Outskill Genai
HomeNewsTechnologyTelangana minister KT Rama Rao offers help to Elon Musk to set up shop in India

Telangana minister KT Rama Rao offers help to Elon Musk to set up shop in India

CEO Elon Musk's has tweeted about facing governmental challenges in bringing Tesla to India

January 15, 2022 / 14:04 IST
(Image Courtesy: Facebook/@KTRTRS)

Telangana industry and commerce minister KT Rama Rao has offered to partner Elon Musk in setting up shop in the country after the Tesla CEO tweeted that the company was facing "challenges with the government". Musk was responding to a question about his company's plan to bring electric cars to India.

KT Rama Rao offered his help to "work through the challenges" and also plugged the southern as a top business destination of the country.


Musk was responding to a query about when Tesla was planning to bring its cars to India. The Tesla co-founder has been pushing for lower import duties for its cars but the government isn't keen on changing policies for a single company.

Also Read: What’s the update on Tesla’s India launch? Elon Musk responds


India levies a 60 percent import duty on electric vehicles that cost $40,000 or less and a 100 percent for those priced above the threshold to protect the domestic industry.

Tesla has complained that high import duties on completely build units of foreign automobiles would restrict the sales of its vehicles as well as that of electric vehicles in general. High duties would also make it tougher to commit to an investment in India, the company has said.

Karnataka, Gujrat, Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu have all invited Tesla to set up a plant and the company has also received formal approval for seven of its cars to begin production.

Also Read: Officials rule out company specific incentives for Tesla

In the past, Union government officials have said that Tesla can take advantage of the production-linked incentive schemes for the sector, including the one for advanced chemistry cells for electric vehicles.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

Moneycontrol News
first published: Jan 15, 2022 01:32 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347