View from India: SUVs and EVs give new dimension to mobility theiet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theiet.org Daily Mail and Mail on Sunday newspapers.
Tesla’s demand for a lowering in tariffs on imported electric vehicles has provoked a response from several other CEOs. Bhavish Aggarwal, the founder, and CEO of Ola Cabs remarked on Tuesday that he “strongly disagrees” if the government lowers the tariff on imported electric vehicles. After reports that Elon Musk’s Tesla Inc had requested a lower tariff on imported EVs, Aggarwal’s tweets went viral on the microblogging platform Twitter.
Image Source: CNBC × Quartz
In support of Tesla’s request for lower tariffs on imported electric vehicles, Seob Kim, CEO, and CEO, Hyundai Motor India stated, “We have heard that Tesla is seeking some duty cut on imports of CBUs. So that would be very helpful for the OEMs to reach some economy of scale in this very price competitive segment.” Lower duties in India, according to Hyundai Motor India’s MD, will assist “expand the EV market.” However, Ola co-founder Bhavish Aggarwal appears to “strongly disagree” with Kim�
Hyundai Motor India inaugurates a new state-of-the-art headquarters in Gurugram
SECTIONS
Last Updated: Jul 29, 2021, 09:26 AM IST
Share
Agencies
The facility has been developed on a total built-up area of 28,000 sq metres.
Hyundai Motor India Ltd, the country’s first smart mobility solutions provider and its largest exporter of automobiles, has inaugurated a new state-of-the-art corporate headquarters in Gurugram. The ceremony was graced by the Chief Minister of Haryana, Manohar Lal Khattar.
The new corporate headquarters will pave the way towards a seamless development in the sphere of mobility and beyond, while also becoming the centre of transformation for a better tomorrow.
Kia Motors dealers most satisfied across vehicle categories: FADA indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
“We have heard that Tesla is seeking some duty cut on imports of CBUs (completely built units).
Share Via Email
| A+A A- By Express News Service
NEW DELHI: Days after Tesla CEO Elon Musk said that import duties for EVs (electric vehicles) in India are the highest in the world and that he hopes for a temporary relief from the government, Korean carmaker Hyundai said that a rate cut would help automakers generate volumes and reach some viable scale.
“We have heard that Tesla is seeking some duty cut on imports of CBUs (completely built units).Till the time companies are able to localise EV components and other infrastructure, EV imports could help generate some market in the country,” said Hyundai Motor India MD and CEO SS Kim, while inaugurating the company’s new corporate headquarters in Gurugram.