US president Donald Trump has criticized Tesla’s decision to set up a factory in India, calling it very unfair to the United States, speaking in an interview with Fox News. Trump reiterated his long-standing concerns about trade imbalances and high tariffs imposed by other countries like India. During the interview, Trump said that if he builds the factory in India, that’s okay but that’s unfair to the US. These comments come amid Tesla’s growing interest in India, where it is looking to establish manufacturing and sales.
operations Tesla CEO Elon Musk has frequently criticized India’s deep import tariffs on electric vehicles, which can reach up to 100% on fully built cars. In the same interview, Trump and Musk discussed how these tariffs make it difficult for Tesla to sell vehicles in the Indian market. Donald Trump in the interview said that it’s impossible for Elon Musk to sell a car in India, while Musk interjected to say that tariffs are like 100% of the import duty, while India recently reduced the basic customs duty on high-end cars.
Donald Trump On Elon Musk’s Tesla Building Factory In India
priced above $40,000 from 110% to 70% The country still maintains some of the highest import tariffs globally. Musk has previously expressed frustration over these duties, arguing that they protect domestic automakers like Tata Motors while restricting Texas’s entry despite the tariff challenges. Tesla is making strides towards establishing a presence in India. According to reports, the company has identified sites for two showrooms in Mumbai and New Delhi and has initiated a hiring spree in the country. Tesla has.
posted 13 mid-level job openings in the Mumbai suburban area, signaling its commitment to entering the Indian market. Musk earlier stated that Tesla would not set up manufacturing in India unless it was permitted to sell and service its vehicles first. In 2021, he suggested that if Tesla found success in importing cars, it might consider building a local factory. India, which is the world’s third-largest car market, is still in its early stages of electric vehicle adoption. The government has been encouraging EV manufacturing and adoption through.
various policy measures, including subsidies and local production incentives; however, the high import duties remain a contentious issue for global automakers like Tesla.
