ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Tesla to enter the Indian market as soon as possible, Elon Musk says

  • Post your comment
  • Comments (1)

Ro, 21 June 2023

Tesla

On Tuesday, Tesla's CEO Elon Musk met with the Indian Prime Minister Narendra Modi in New York to discuss Tesla's potential entry into the Indian market. The case was previously discussed by the two parties back in 2017, but they weren't able to reach an agreement because, as Musk says, India has the highest import taxes of any other big country in the world.

Tesla to enter the Indian market as soon as possible, Elon Musk says

However, the most recent meeting seems to have gone extremely well since Musk feels very optimistic about a future deal. He said that Tesla will enter the market "as soon as humanly possible" and hinted that the company's next big factory in Asia (aside from the one in Shanghai, China), will likely be in India. And although construction won't start anytime soon, Tesla will likely decide on location in India by the end of this year.

The Indian government forces high import tariffs on order to force companies to set up manufacturing operations in India, so it seems like Musk and Modi reached some kind of preliminary agreement on an Indian Gigafactory. That's why tech giants like Apple and Samsung are already assembling phones in India - to take advantage of the tax breaks in the country.

Via

Related articles
  • Redesigned Tesla Model 3 spotted in camo, vertical taillights confirmed Redesigned Tesla Model 3 spotted in camo, vertical taillights confirmed
  • Rivian adopts NACS, gets access to Tesla Superchargers Rivian adopts NACS, gets access to Tesla Superchargers
  • Tesla Cybertruck in Camo makes another appearance Tesla Cybertruck in Camo makes another appearance
  • Tesla Model S is now up to $8,230 cheaper Tesla Model S is now up to $8,230 cheaper

Reader comments

?
  • Anonymous
  • X%q
  • 21 Jun 2023

Good move by India.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 1

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelCadillac
    Optiq-V
  • ModelCadillac
    Optiq
  • ModelNissan
    Leaf
  • ModelSmart
    #5 Brabus
  • ModelJeep
    Compass
  • ModelSubaru
    Solterra

Featured

  • The EVs will kill the power grid. Or will they? The EVs will kill the power grid. Or will they?
  • Analyzing the Mercedes-Benz EQXX revolutionary concept Analyzing the Mercedes-Benz EQXX revolutionary concept
  • Volvo EX90 alternatives - Mercedes EQS SUV 580 and Tesla Model X LR+ Volvo EX90 alternatives - Mercedes EQS SUV 580 and Tesla Model X LR+
  • Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test
  • Why electric cars don't have conventional gearboxes Why electric cars don't have conventional gearboxes
ADVERTISEMENTS

Reviews

  • Maserati Grecale Folgore review Maserati Grecale Folgore review
  • Hyundai Ioniq 6 LR AWD review Hyundai Ioniq 6 LR AWD review
  • Which Skoda is better - Enyaq iV or Enyaq Coupe RS iV Which Skoda is better - Enyaq iV or Enyaq Coupe RS iV
  • Mercedes-Benz EQE AMG 43 4Matic review Mercedes-Benz EQE AMG 43 4Matic review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com