High import taxes prevent Tesla from selling cars in India

Robert Besser
18 May 2022, 01:36 GMT+10

Tesla made known this week that it will not sell electric automobiles in India due to the government's refusal to reduce high import tariffs on foreign electric vehicles.
Tesla has begun to reassign local employees, as it closes down its earlier plans to enter the Indian market.
As early as the summer of 2021, the Indian government announced that they were reviewing a Tesla proposal to reduce import duties.

NEW DELHI, India: Tesla made known this week that it will not sell electric automobiles in India due to the government's refusal to reduce high import tariffs on foreign electric vehicles.

Tesla has begun to reassign local employees, as it closes down its earlier plans to enter the Indian market.

India remains the largest auto market that Tesla has yet to enter.

Signs between the Indian government and Tesla indicated that the electric automaker might, at last, begin selling autos in India. But those efforts have now ended.

Earlier, Tesla created an Indian company in Bengaluru, the capital of India's southern Karnataka state. As early as the summer of 2021, the Indian government announced that they were reviewing a Tesla proposal to reduce import duties.

While Tesla has said it would like to build a factory to manufacture electric vehicles in India, its business model includes first testing the market with imported EV's, which it has been unable to do in India.

Insiders report that Tesla waged a strong lobbying campaign to have tariffs reduced.

In April, transport minister Nitin Gadkari said that Tesla could build a factory in India, but would be prevented from importing autos from China.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Oklahoma Star.

More Information

76 ℉

Mostly Cloudy in Oklahoma City

International

Section

UK's Telegraph news block in Russia due to war coverage

MOSCOW, Russia: The UK newspaper, the Telegraph, has been blocked in Russia, following a request from the Russian prosecutor-general.The TASS ...

Airbus captain tries to land at Lahore runway closed two years ago

LAHORE, Pakistan - An Airbus 320 carrying 171 passengers narrowly avoided an accident at Allama Iqbal International Airport, Pakistan's second-largest ...

Biden vows to combat effects of Supreme Court decision on Roe v. Wade

WASHINGTON, DC - U.S. President Joe Biden on Friday vowed to "do all in my power" to protect a woman's ...

Myanmar junta minister discusses nuclear cooperation with Russia

YANGON, Myanmar - According to military-run media, a junta delegation discussed nuclear technology collaboration with a Russian state-owned atomic energy ...

U.S. to provide Tk2.3 crore as emergency funding for northern Bangladesh

DHAKA, Bangladesh - The United States Agency for International Development (USAID) is providing more than Tk2.3 crore in emergency funding ...

661 pound freshwater fish caught in Cambodia river

PHNOM PENH, Cambodia: Cambodian villagers on the Mekong River have caught a stingray fish weighing 661 pounds, which is the ...

Business

Section