June 02, 2025 03:36 PM IST
As Tesla said on his decision, the Union Minister said that companies like Hyundai, Kia, Skoda and more have expressed interest in building in India.
Elon Musk -owned Tesla is not allegedly eager to establish manufacturing and production units in India. According to the statement of the Union Heavy Industries Minister Hd kumaraswamyTesla is only interested in expanding his showroom in India.
“Tesla, we are not really expected of them, they are only to start the showroom. They are not interested in manufacturing in India,” the minister was said by news agency ANI.
Kumaraswamy further said that despite this TeslaMany international companies like Hyundai, Mercedes Benz, Skoda and Kia have shown interest to establish manufacturing units in India based on new policy for electric vehicles.
Under new EV policyIf the company invests US $ 500 million to set up a manufacturing plant in India, companies are allowed a 15 pay rent duty. Companies will need to source 25 percent of India for the first three years, and then expand up to 50 percent by the fifth year.
Talking to reporters, the Union Minister said that the application window for the plan to promote the manufacture of electric passenger cars in India (SPMEPCI) would be open soon.
Trump’s tariff back behind Tesla’s bridge?
Amidst his tariff competition, US President Donald Trump said Tesla’s plan to open a factory in India would be “very inappropriate”.
A similar warning for Apple CEO Tim Cook When she announced that the company was considering transferring its production in India in view of the high tariff against China.
For the past few years, Tesla has been considering establishing manufacturing and production in India. Elon Musk also said that India’s high import duties had a significant obstacle to prevent Tesla’s expansion in the country.
