Amitabh Kant on Tesla: 'India won't make any further changes in its EV policy to suit a specific company'
India cannot have individual EV policies for every company, Amitabh Kant told on being asked why Tesla did not come to India after the CEO announced an India visit in April but cancelled it at the last moment.
Kant says that India has drafted an EV policy and all the companies have to follow only that policy. India will not change its EV policy according to some specific companies.
He said, «So the policy has been announced. You can't have policies for individual companies. The policy for EVs has been announced».
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Kant's statement points out that Tesla may have made some specific demands from the Indian government specifically for the company.
India announced an EV policy, where incentives are proposed for setting up manufacturing units in India.
The policy has asked for a minimum investment threshold of Rs 4,150 crore (USD 500 million) and encouraging manufacturers to achieve significant levels of domestic value addition (DVA), the government mandates that by the third year of setting up the manufacturing unit, at least 25 per cent of the parts used to make the vehicles should be sourced domestically. This localization level is expected to increase to 50 per cent by the fifth year of operation.
Under the new policy, the companies that would set up manufacturing facilities in India for EV passenger cars will be allowed to import a limited number of cars at lower customs/import duty of 15 per cent on vehicles costing
