Tesla in India: Latest Developments
Tesla CEO Elon Musk has said that he is still working on getting import tariffs lowered in India, as the company looks to expand its presence in the country. Musk made the comments in a tweet on Monday, in response to a user who asked about Tesla's plans for India. "Still working through challenges with the government," Musk said. "Will keep you updated." Tesla has been trying to enter the Indian market for several years, but has been hampered by high import duties. The company currently sells its cars in India through a import-only model, which means that they are subject to a 100% import duty. This makes Tesla's cars prohibitively expensive for most Indian buyers. Musk has previously said that he is willing to make Tesla cars in India, but only if the import duties are lowered. He has also said that he is willing to invest in India's manufacturing sector, if the government is willing to make it easier for Tesla to do business in the country. The India...
