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Ola’s Bhavish Aggarwal Disagrees With Elon Musk’s Idea On Lowering India’s Import Duties On EV

| Published on July 31, 2021

As the world is struggling to conserve the environment, we are all aware that the future of automobiles is EV. These environment-friendly vehicles tend to conserve natural resources and have considerably less carbon footprint.

Elon Musk‘s Tesla is proving to be a gem in the field and the international market has welcomed the Tesla models with an incredible response.

While replying to a Twitter user who asked Musk to launch Tesla in India as soon as possible, Musk expressed his inclination towards launching EV in India but has blamed high import duties for the delay.

He further stated that since electric vehicles are treated the same way as petrol & diesel vehicles, it does conflict with India’s clean climate agenda.

While Hyundai‘s MD SS Kim has agreed with Musk’s statement to lower import duties on EVs, Bhavish Aggarwal, CEO, Ola, has made a fair argument on why it should not be done.

While replying to a Twitter user on Musk’s statement, Bhavish said that he strongly disagrees with both, Musk & Kim, about the idea of lowering the import duties on EVs and have urged everyone to have confidence in our ability to manufacture our own line of EVs and also encourage global OEMs to open up a unit in India.

Bhavish Aggarwal’s Ola has ventured into the EV sector itself and has become India’s homegrown manufacturer of electric scooters.

Paytm’s Vijay Shekhar Sharma has often expressed his love for Tesla cars. However, he has agreed with Bhavish’s statement and has said that he too would want all big EV factories to open up in India.

Currently, India imposes a 100 percent import duty on fully imported cars that are valued at more than US$ 40,000. The import duty on fully imported cars that cost less than US$ 40,000 is 60 percent as per reports.

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