Politics
Elon Musk to visit India, plans to meet Narendra Modi | News from India
New Delhi: Elon Musk, CEO of American electric car maker Tesla, on Wednesday confirmed his visit to India and his planned meeting with Prime Minister Narendra Modi.
In a post on X, he wrote: “Looking forward to meeting Prime Minister @NarendraModi in India. »
Earlier today, sources said Musk was expected in India the week of April 22. He is expected to announce the company's investment plans in the country during his visit, the sources said.
In June last year, Musk had met Modi during the Prime Minister's visit to the United States. The Tesla CEO had then said that he planned to visit India in 2024, while expressing confidence that the company would enter the Indian market soon.
His planned visit comes weeks after the government announced a new electric vehicle policy under which import duty reductions will be given to companies setting up manufacturing units in the country with a minimum investment of 500 million of dollars, a measure aimed at attracting major global players like the United States. based on Tesla.
Under the policy, companies setting up electric passenger car manufacturing facilities will be allowed to import a limited number of cars at lower customs/import duties of 15 percent on vehicles costing $35,000 and above for a period five years from the date of issuance of the approval letter by the government.
Currently, cars imported as Completely Built Units (CBUs) are subject to customs duties ranging from 70 to 100 percent, depending on engine size and cost, vehicle value. insurance and freight (CIF).
CBUs with a CIF value above $40,000 are subject to a 100 percent import duty (for gasoline engines above 3,000 cc and diesel engines above 2,500 cc). While those with a CIF value below $40,000 are subject to a 70 percent duty (for gasoline engines less than 3,000 cc and diesel engines less than 2,500 cc).
The policy aims to promote India as an electric vehicle manufacturing destination and attract investments from reputed global manufacturers. Last year, Tesla had contacted the Indian government to request a reduction in customs duties on the import of its vehicles into India.
Previously, Musk said in 2022 that Tesla, which previously sought to reduce import duties to sell its vehicles in India, would not manufacture its products unless it was allowed to first sell and service its cars in the country.
In August 2021, Musk had said that Tesla could set up a manufacturing unit in India if it succeeds with imported vehicles in the country first. He had said that Tesla wanted to launch its vehicles in India “but the import duties are by far the highest in the world of any major country!”
|
Sources 2/ https://www.onmanorama.com/news/india/2024/04/11/elon-musk-visit-india-plans-meet-narendra-modi.html The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
 |
 |
 |
