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Home Business & Corporates

Tesla not to make vehicles in India unless allowed to sell locally, says Elon Musk

Lagatar News by Lagatar News
May 28, 2022
in Business & Corporates
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Lagatar24 Desk

 

New Delhi, May 28: Tesla Inc, which has been seeking a reduction in import charges in order to sell its vehicles in India, has stated that it will not manufacture its products in India unless it is first allowed to sell and service its vehicles there, according to company founder and CEO Elon Musk.

He said in a tweet in response to a user’s question on Tesla establishing a manufacturing factory in India, “Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars.”

Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars

— Elon Musk (@elonmusk) May 27, 2022

Last month, Union Road Transport and Highways Minister Nitin Gadkari claimed there would be “no difficulty” if Tesla was willing to build its electric vehicles in India, but the business could not import automobiles from China.

Musk stated in August of last year that Tesla may establish a manufacturing facility in India if it succeeds with imported automobiles in the nation first.

Tesla intended to launch its vehicles in India, but “but import duties are the highest in the world by far of any large country!” Musk had stated.

India currently charges a 100% import duty on fully imported cars with a CIF (Cost, Insurance, and Freight) value of more than $40,000 and a 60% levy on those costing less.

 

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