New Delhi: Tesla, the company of the world's richest man Elon Musk, is waiting to set foot in India. However, the Indian government is taking special care that the domestic electric vehicle (EV) companies here do not suffer any kind of loss. Meanwhile, Union Minister Piyush Goyal has given important indications regarding Tesla's entry.

The EV market is growing rapidly in India.

Commerce and Industry Minister Piyush Goyal said in a recent interview that the electric vehicle market in India is growing very fast. He said that both domestic and foreign companies are ready to invest in India. Indian companies like TATA and Mahindra have not only manufactured here but have also contributed significantly to popularizing electric vehicles in the country. Prime Minister Narendra Modi also understands very well that the future belongs to electric vehicles and he has taken many steps for this.

Proud of the success of TATA and Mahindra

Piyush Goyal said that companies like TATA and Mahindra have given India proud moments. Due to the steps taken under 'Make in India', good growth is being seen in the field of electric vehicles. Prime Minister Modi's thinking and vision have helped in creating the necessary infrastructure for electric vehicles, so that the general public can also benefit from it.

What did Piyush Goyal say on Tesla's entry?

On the question asked about Tesla, Piyush Goyal said that many foreign companies, including Tesla, want to come to India and manufacture electric vehicles. The government is encouraging these companies to come here and start their business. Tesla will also be given equal opportunities like other companies, so that it can make its place in the Indian market and take advantage of the large market here.

Benefits of the new policy for EV companies

Piyush Goyal also said that the government has brought a new electric vehicle policy, which will make it easier for companies to do business in India. Under this:

1. Subsidy: Subsidy will be given to EV maker companies, so that they can come here and do manufacturing and take advantage of the subsidy.

2. Low import duty: Companies are also being given the option to import electric vehicles to India, so that they can bring vehicles at low import duty and sell them in the Indian market. This will not only strengthen the EV infrastructure in the country, but will also increase the number of affordable EV vehicles.

This is a big indication for those waiting for Tesla's entry that big news can be received on this in the coming time.