The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

‘Give boost to Electric Mobility Evolution in India’ Aditya Thackeray to FM Minister

by TLN Team January 20, 2022January 20, 2022
written by TLN Team January 20, 2022January 20, 2022
‘Give boost to Electric Mobility Evolution in India’ Aditya Thackeray to FM Minister

In order to boost India’s electric mobility movement, Maharashtra has encouraged the Ministry of Finance to explore, among other things, a temporary import duty drop for electric vehicles (EV) being delivered into the nation, ahead of the publication of the Budget 2022. Maharashtra Tourism and Environment Minister Aaditya Thackeray has sought a “time-bound” exemption for imported EVs from “pioneering businesses” such as Tesla, Rivian, Audi, and BMW in a letter to Finance Minister Nirmala Sitharaman.

Thackeray has proposed a maximum three-year window or a volume-based cap for the temporary import tariff relief, making him the first Cabinet minister to officially urge such a policy. This recommendation comes after Tesla campaigned hard for a decrease in import duty over the duration of 2021. Tesla has been striving to get its India adventure launched, but has lobbied hard for a reduction in import duty over the length of 2021.

“This will boost investment in our supply chain and encourage the start-up ecosystem to follow in the footsteps of such companies,” Thackeray wrote in his letter, adding that the concession could be given “in exchange for a fixed investment guarantee in India’s auto supply chain or charging infrastructure, which could be to the tune of the customs revenue the government foregoes relative to the current tax regime.”

Thackeray further pointed out that the high import duty “adds to the burden of buyers” and “does not lay the groundwork for any industry investment.”

Several states have invited Tesla to build a factory, including Maharashtra, Telangana, Punjab, West Bengal, and Gujarat. However, it looks that Tesla intends to start its India operations by importing its vehicles as completely built-up (CBU) models, which would be subject to a significant import charge.

The Centre has previously ruled out any such concessions for imports. It has, in fact, asked Tesla to specify its India investment plans first

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
40 women undergoing training for becoming ST bus drivers
next post
Substantial funds would be given to Nagpur: Dy CM

You may also like

34 years later SC sentenced one year in...

May 19, 2022

LPG cylinder price hike, domestic cylinder by Rs...

May 19, 2022

Now you can book Matheran tickets via Indian...

May 17, 2022

Flight tickets to get expensive as jet fuel...

May 16, 2022

India writes history by winning Thomas Cup

May 15, 2022

NTPC Mouda Commences Girl Empowerment Mission(GEM) 2022

May 15, 2022

Sheikh Mohamed bin Zayed Al Nahyan elected as...

May 14, 2022

Rainfall in 15 States till 18th May: IMD...

May 14, 2022

UAE President Sheikh Khalifa passes away

May 13, 2022

NIA arrest Chhota Shakeel’s aides

May 13, 2022

Trending News

  • Umran Malik becomes youngest bowler to take 20 wickets in an IPL

    May 19, 2022
  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022
  • Rohit Sharma, K L Rahul to be rested for T20 series

    May 15, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

January 2022
M T W T F S S
« Dec   Feb »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.

KKM