Tesla abandons plans to enter the Indian market for now

Tesla abandons plans to enter the Indian market for now

Tesla has reportedly paused plans to enter the Indian market after failing to secure lower import taxes. Three people familiar with the matter told Reuters that the US company also reassigned some of its domestic team and abandoned a search for showroom space in a decision that follows more than a year of unsuccessful talks with the Indian government. Tesla's intention was to first test local demand for its products by selling EVs imported from its plans in the US and China, at lower tariffs. The Indian government did not agree to that and insisted that Tesla committed to local manufacturing before benefiting from lower tariffs, which are as high as 100% on imported vehicles. The unnamed insiders said that Tesla had set itself a deadline on February 1 to …
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