Currently not looking at getting benefits of EV promotion scheme: Volvo Car India MD
New Delhi, August 1 (PTI) Swedish luxury car manufacturer Volvo is currently not looking to benefit from the benefits under India’s plan to promote passenger electric vehicles due to the current scale of the industry, and if the tax structure is realized, a senior official of the Indian branch said on Friday.
Volvo Car India, which started the renewed version of the Best Selling Model XC60 in India La71.9 Lakh believes that the entrance of new players such as Tesla is good to popularize electric vehicles.
Volvo Car India General Manager Jyoti Malhotra PTI, “Currently, the current scale of our sector, CKD (completely destroyed) offers the best solution. This is what we will continue to do this.
Volvo Car India answered a question about whether the government has benefited from the benefits of the government to encourage the production of electric passenger cars in India.
In accordance with the program, companies are allowed to import up to 8,000 electric four-wheel units per year with a 15 percent lower import tax against 70-100 percent. La4.150 Crore to establish local production facilities.
Malhotra said that there were various factors before receiving a call, and one of them was a scale, and “There is a lot of benefit in India. There are different ways to build cars in India or import cars in India.”
When asked about the increase in competition with the entry of Tesla’s liking in India, “Let’s say we don’t look at anyone as a competitor. All different car manufacturers, colleagues, all welcome to come.
Malhotra claimed that Indian customers need elections, “We are a big country. A good thing I can say, we have been very interested in electric cars in the last 6-7 months, we have attracted a lot of attention to the new generation cars and I think good … Tesla’s entrance is good for customers.”
“In our own portfolio, almost one of every four cars, about 25 percent of electric cars, this is really healthy, this year we will bring another electric car.” He said.
The company is currently selling two home models in India – EC40 and EX40.
“We are assembling. We take our kits from other plants, so we are not directly affected.” He said.
The renewed XC60 said that the company was gathered at the Bengaluru facility of the company with other models sold in India.
When asked if the company’s Plug-in hybrid version of the company will think, “We have a number of light hybrids and plug hybrids … These are globally in this car (XC60).
Also, “If things change, we can always bring. So we keep a close hour.” In accordance with the current regulations, up to 4 meters and up to 1200 cc gasoline engine and diesel engine up to 1500 cc attracts 28 percent.
On the other hand, hybrid passenger vehicles of over 4 meters or over 1200 cc of gasoline engine and over 1500 cc diesel engine are taxed at 15 percent additional CESS and 28 GST.
“The light hybrid we offer with the existing (tax) structures we have in India today, because we can offer the best value to our customers,” he said, adding Malhotra, “But you can always bring it if things change”.
The company said that Volvo Car India was looking at a flat growth this year, as in the transition to the new ones from the old platforms this year.
