US EditionElon Musk's Tesla Is 'Not Interested' in Producing Cars in India
- Tesla has no plans to start producing electric vehicles in India but intends to establish two showrooms in the country by 2025.
- This stance follows India's new EV policy that reduces import taxes for carmakers investing at least $486 million in local production.
- The policy aims to boost local EV manufacturing, create jobs, lower prices, and increase EV sales from 2.5% to 30% by 2030.
- Union Minister HD Kumaraswamy indicated on Monday that Tesla is reluctant to establish manufacturing operations in India.
- As Tesla hesitates, European brands like Mercedes-Benz and Volkswagen may become the focus of India's EV manufacturing ambitions.
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Elon Musk's Tesla not interested in manufacturing cars in India: Union Minister
The Union Minister said that Tesla is not expected to begin manufacturing vehicles in India in the near future. He mentioned that the company is currently interested only in opening showrooms in the country.
·India
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Elon Musk's Tesla not interested in manufacturing in India? Union Minister issues big statement, says it 'only wants to...'
Global EV giant Tesla is not interested in manufacturing cars in India, Union Heavy Industries Minister H.D. Kumaraswamy said. However, global automobile makers such as Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia had shown interest in manufacturing electric cars in India.
·New Delhi, India
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Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
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67% Right
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R 67%
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