India is favoring the Electric Vehicle (EV) market in recent times. India’s EV policy aims to promote electric vehicle adoption and domestic production by limiting import duties when expanding in the local EV sector. Despite all these efforts, Tesla, Inc. (NASDAQ:TSLA) doesn’t seem quite impressed by the new policy, as the Indian federal minister mentioned.
Unlike Mercedes-Benz and Volkswagen, Tesla, Inc. views the country’s high tariffs as some of the world’s steepest, discouraging the company. While many local production houses like Tata Motors and Mahindra & Mahindra are all set to take full advantage of this new policy, Tesla’s message to India is loud and clear that it won’t build a factory unless it is first allowed to sell and service imported cars in the country.
Back in 2019, the U.S.-based electric vehicle (EV) giant, Tesla, Inc., expressed its desire to enter the Indian Market. However, since then, CEO Elon Musk has been highlighting how local rules hinder the company’s plans. Even today, the same reason for not telling the EV powerhouse to test the waters first by importing and selling cars before actually manufacturing holds.
For what it seems, the dream of driving a “Made in India” Tesla may remain out of reach for Indian customers longer than they’d hoped.
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