Ola Cabs CEO Bhavish Aggarwal takes on Elon Musk over EV duty cut

Tesla’s call for a cut in duty on imported electric cars has prompted heads of other companies to react. On Tuesday, Ola Cabs founder and CEO Bhavish Aggarwal said he was not in favour of the government paring duty on imported electric vehicles. Aggarwal’s comments went viral on the micro blogging platform Twitter after reports that Elon Musk’s Tesla Inc had sought a lower duty on imported EVs.

SS Kim, managing director of Hyundai India, added his bit to back Tesla on the duty cut issue in an interview to Autocar India. “Lower duties will help grow the EV market,” Kim told the magazine.

Taking on the two industry majors, Aggarwal said he believed that India should have confidence in its own ability to build EVs indigenously.