Piyush Goyal, Commerce Minister stressed on formulating laws and tariffs to attract global EV manufacturers and rejected special treatment to any specific company including, Tesla
Tesla has been pursuing an initial tariff exemption that would enable it to deduct a 70 percent customs charge on vehicles valued less than $40,000 (Rs 33,07,176) and 100 percent on vehicles of higher value
India s Commerce and Industry Minister, Piyush Goyal, stated that at the upcoming meeting in Abu Dhabi, India will advocate for upholding the guiding principles of the World Trade Organization (WTO). Goyal also mentioned plans to address the European Union s Carbon Border Adjustment Mechanism (CBAM) both at the WTO and through bilateral discussions with the EU.
India s Commerce and Industry Minister, Piyush Goyal, emphasizes that India does not rush into Free Trade Agreements (FTAs) unless they are equitable, balanced, and fair for the country. He highlights the changed ground realities in India and stresses the importance of thorough negotiations. Current FTA negotiations include the UK, Oman, and the European Free Trade Association (EFTA).