Exclusive: Tesla abandons the plan to enter the Indian market, for now
- complete detail
15 May 2022
On May 13, New Delhi, Tesla American automotive company officially put India’s entry plan on hold after a deadlock in traffic.
Tesla($TSLA) has abandoned its plan to enter the Indian market, abandoned a search for showroom space, and even started to reassign its employees
India has the largest auto market, As per the investindia gov report India’s annual production in FY 2021 was 22.7 Mn vehicles and 13 million vehicles from April to October 2021
The conversion takes more than a year of deadlock talk with the Indian government, Tesla said to government representative to first test demand by selling electric vehicles more...
The government has maintained high import duty on the electric vehicles, pushing Tesla to commit to manufacturing locally before it will lower traffic which can run as high as 100% on import vehicles.
Recently, Tesla electric vehicle has been seen testing on Indian roads and seven Tesla electric vehicle Models are selected to launch in India.
It has been spotted that most automakers are waiting for the Indian govt. to reduce high import duty but, after tesla strong effort it wouldn’t be done.
We discuss complete tesla India plan in detail if you want to know more visit out EV platform (India's 1st. electric vehicle platform)