Minister Visited Tesla Factory

  • Commerce and Industry Minister Piyush Goyal visited Tesla‚Äôs facility at Fremont, California.
  • In August 2021, Musk said Tesla might set up a manufacturing unit in India if it succeeded in importing its vehicles into the country. Would be doubling imports from India.
  • India imposes 100% import duty on fully imported cars with a CIF(Cost Insurance Freight) value of more than $40,000 and 70% on those costing less than the amount.
Posted in Current Affairs.