Pramode Mallik
At a time when President Donald Trump has warned India of reciprocal tariffs and complained that the US can not sell its cars due to high tariffs, his close confidante and an important member of his administration has announced to set up a factory in the country.
After Tesla announced to start hiring in India, signalling to open its EV factory, Donald Trump called it “unfair”.
What Has Donald Trump Said On Tesla’s Factory In India?
Talking to Fox News, US President said that Tesla’s any potential plans to build a factory in India and circumvent its tariff on cars, would be ‘very unfair’.
Will Elon Musk Circumvent Reciprocal Tariffs?
Talking about the reciprocal tariffs on India, Donald Trump said, “If I said 25%, they’d say, ‘Oh, that’s terrible.’ I don’t say that anymore… because I say, ‘Whatever they charge, we’ll charge.’ And you know what? They stop,”
Earlier, he said that it is “impossible” for Tesla to sell a car in India.
Slamming India for higher tariffs he said, “Every country in the world takes advantage of us, and they do it with tariffs… It is impossible to sell a car, practically, in, as an example, India.”
After Tesla CEO Elon Musk met PM Modi in the White House, it was believed that the two had discussed the possibility of opening an EV factory in India so that the US major could make cars in India circumventing its high triff on the automobiles.
Earlier Elon Musk slammed India for as high as 100% tariff on electric vehicles in India to protect manufacturers like Tata Motors.
India Unveils EV Policy?
India boasts of being world’s third largest car market, where the EV adoption is still at a nascant stage.
However, India unveiled its new EV policy in March this year, lowering the import duty to 15% if a company invests $500 million and builds a factory.
Days after Elon Musk met PM Narendra Modi on his Washignton visit, Tesla selected locations for two showrooms in New Delhi and Mumbai and posted job advertisement for 13 mid-level roles in India.
If Tesla sets up a factory in India, it will be quite embarrassing for Donald Trump as no one else but the Departmet Of Goverment Efficiency chief, an important minister of his government would be circumventing the tariffs in India.
This will be a complete negation of Trump’s policy of reciprocal tariffs.
At a time when President Donald Trump has warned India of reciprocal tariffs and complained that the US can not sell its cars due to high tariffs, his close confidante and an important member of his administration has announced setting up a factory in the country.
After Tesla announced to start of hiring in India, signalling to opening its EV factory, Donald Trump called it “unfair”.
What Has Donald Trump Said On Tesla’s Factory In India?
Talking to Fox News, the US President said that Tesla’s potential plans to build a factory in India and circumvent its tariff on cars would be ‘very unfair’.
Will Elon Musk Circumvent Reciprocal Tariffs?
Talking about the reciprocal tariffs on India, Donald Trump said, “If I said 25%, they’d say, ‘Oh, that’s terrible.’ I don’t say that anymore… because I say, ‘Whatever they charge, we’ll charge.’ And you know what? They stop,”
Earlier, he said that it is “impossible” for Tesla to sell a car in India.
Slamming India for higher tariffs he said, “Every country in the world takes advantage of us, and they do it with tariffs… It is impossible to sell a car, practically, in, as an example, India.”
After Tesla CEO Elon Musk met PM Modi in the White House, it was believed that the two had discussed the possibility of opening an EV factory in India so that the US major could make cars in India circumventing its high tariff on automobiles.
Earlier Elon Musk slammed India for as high as 100% tariff on electric vehicles in India to protect manufacturers like Tata Motors.
India Unveils EV Policy?
India boasts of being the world’s third-largest car market, where EV adoption is still at a nascent stage.
However, India unveiled its new EV policy in March this year, lowering the import duty to 15% if a company invests $500 million and builds a factory.
Days after Elon Musk met PM Narendra Modi on his Washington visit, Tesla selected locations for two showrooms in New Delhi and Mumbai and posted job advertisements for 13 mid-level roles in India.
If Tesla sets up a factory in India, it will be quite embarrassing for Donald Trump as no one else but the Department Of Government Efficiency chief, an important minister of his government would be circumventing the tariffs in India.
This will be a complete negation of Trump’s policy of reciprocal tariffs.
When Will Tesla Start Selling EVs In India?
However, media reports suggest that Tesla in India may soon begin importing the components from Germany’s Berlin Gigafactory, instead of China due to the government’s reservation over China.
Reports also suggest the EV maker may come out with its first car in India for a price of $25,000 or about Rs 22 lakh. The strategy of introducing affordable EVs has been adopted to compete with rivals like Chinese EV giant BYD.
