KTR invites Elon Musk to ‘set shop’ in State
Days after Tesla CEO Elon Musk spoke about challenges when asked about the electric car’s entry into the Indian market, TRS Working President KT Rama Rao has invited the billionaire businessman to “set shop” in Telangana.
Rao said Telangana is a champion in sustainability initiatives and his government would be happy to partner with Tesla in working through the challenges.
“Hey Elon, I am the Industry and Commerce Minister of Telangana state in India. Will be happy to partner Tesla in working through the challenges to set shop in India/Telangana,” Rao said in a reply to Musk’s tweet.
“Our state is a champion in sustainability initiatives and a top notch business destination in India,” he added.
Musk on Thursday informed that the EV-maker is facing a “lot of challenges” for its car launch in India.
“Still working through a lot of challenges with the government,” Musk tweeted.
Musk was replying to a Twitter user, who asked: “Yo @elonmusk any further update as to when Tesla’s will launch in India? They’re pretty awesome and deserve to be in every corner of the world!”
Tesla wants to begin selling imported cars in India this year but says taxes in the country are among the highest in the world.
With a $39,990 global price tag, Tesla Model 3 may remain as an affordable model in the US but with import duties, it would become unaffordable in the Indian market with an expected price tag of around Rs 60 lakh.
Currently, India levies 100 per cent tax on the imported cars of price more than $40,000 (Rs 30 lakh) inclusive of insurance and shipping expenses, and cars less than $40,000 are subject to 60 per cent import tax.
Next Story :
-
Three-Day Regional Research Symposium On Project-Based Learning Concluded
![Three-Day Regional Research Symposium On Project-Based Learning Concluded]()
The three-day Regional Research Symposium on Project-Based Learning(RRSPBL) began at Anurag University, Venkatapur in the city on Saturday
-
Man Found Dead After Falling From Train In Warangal
![Man Found Dead After Falling From Train In Warangal]()
Warangal: A man died after he fell off a running train between Eluguru- Nekkonda railway stations on Sunday. He was aged about 30 years.
-
PM Modi Receives Kuwait’s Highest Honour, 20th International Award By A Country
![PM Modi Receives Kuwait’s Highest Honour, 20th International Award By A Country]()
Prime Minister Narendra Modi was awarded the Wisam Mubarak al-Kabeer, or the Order of Mubarak the Great, by Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait, on Sunday (December 22).
-
Tension Outside Allu Arjun’s House: JAC Leader’s Agressive Protest
![Tension Outside Allu Arjun’s House: JAC Leader’s Agressive Protest]()
Hyderabad: Tension prevailed at the residence of popular Telugu actor Allu Arjun on Sunday as members of the Osmania University Joint Action Committee (OU JAC) staged a protest demanding justice for Revanth’s family.
-
Students Send Bomb Threats To Schools To Postpone Exams: Check Here What Students Said
![Students Send Bomb Threats To Schools To Postpone Exams: Check Here What Students Said]()
NEW DELHI: Bomb threat emails to at least three schools in Delhi were sent by their own students, Delhi Police said on Sunday.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
