Enough safeguards in place for domestic industry in EV space: R C Bhargava

R C Bhargava tells that we support any scheme of the government that encourages new investment and new technology to come into the country, and that is what we hope will happen

The government has ensured adequate protection for the domestic automobile industry in the new electric vehicle policy that provides duty concessions to global players setting up manufacturing units in India, says Maruti Suzuki India’s Chairman R C Bhargava in a telephonic conversation with Surajeet Das Gupta. Edited excerpts:

Do you have any concerns about the government allowing carmakers like Tesla to import their cars having a CIF (cost, insurance and freight) value of $35,000 and above at a lower 15 per cent duty, provided they invest $500 million to set up a manufacturing plant within three years? 
 

I am very clear