The government is about to propose a new electric vehicle policy. Through which, the government wants to reduce import tariffs to make big companies in the world enter the country market. According to the proposed policy, the all -India media reported that if the price of more than $ 1,000 (about Tk 1 lakh) is the price of electric cars, the import tariff will be reduced from 5% to 5%. The goal of this policy is, companies so that specific investment and production milestone can fill the country.
The government wants to raise investment from foreign companies in the EV industry
It is reported that to qualify for the proposed import duty, car makers will have to invest at least Tk 1 crore in India. Besides, the past will have to be excluded in the past, the acquisition of land or construction costs in this investment. It has also been said that the companies that have to earn a turnover of Tk 20 crore in the second year, will reach Tk 1 crore in the fourth year and Tk 1 crore in the fifth year.
Production
The government's proposal, qualified companies, will have a maximum of 120 days to submit their application. Successful applicants will be able to import a maximum of 5 premium EVs a year at the low import duty rate. However, under the new policy, the manufacturers will have to set up a local production facility within three years, ie a factory in the country. And 20% domestic production must be achieved, which should be increased by up to 5% in five years.
Tesla will get the first benefit
According to various sources, Tesla could be the primary beneficiary of this policy. According to the report, the company is planning to enter the Indian market by April 2021. The price of the company in the country may be between Rs. Mumbai and Delhi have been chosen for the initial showroom.
According to a source, Tesla could soon send thousands of car units to a port near Mumbai. The car is likely to start selling in Mumbai, Delhi and Bengaluru in the third quarter of 2021.
