Tesla to not set up production facility in India until allowed to first sell and service cars, Musk says
Tesla Inc (NASDAQ: TSLA) chief executive Elon Musk on Friday said the electric carmaker would not set up a manufacturing facility in India until it is first allowed to sell and service cars in the country
By Arghyadeep Dutta
Published - May 27, 2022, 04:17 PM ET
Last Updated - Feb 29, 2024, 07:32 AM EST
• ‘Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars, ’ Musk says
• Indian government charges 100% import duty on vehicles manufactured abroad
Tesla Inc (NASDAQ: TSLA) chief executive Elon Musk on Friday said the electric carmaker would not set up a manufacturing facility in India until it is first allowed to sell and service cars in the country.
The news comes weeks after several reports said that the company put the plans to sell electric vehicles in India on hold after failing to secure lower import taxes.
