The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts,
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India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing,
Foreign brands compete for about a third of overall demand, and total EV sales remain vestigial.
Building a Tesla factory in India would be "unfair" to the US, Trump said in a joint interview with Musk this week.
Tesla is reportedly recruiting and scouting showroom locations in the country, following a meeting between Prime Minister Modi and Elon Musk earlier this month.
Musk’s firm is reportedly scouting for jobs and land in India as local carmakers say they remain unfazed by potential competition.
U.S. President Donald Trump has criticized Tesla (NASDAQ: TSLA) for potentially building a factory in India, calling it unfair to the U.S. in a Fox News interview aired Tuesday. Trump highlighted Indias steep
US President Donald Trump has criticized Tesla's potential plans to manufacture electric vehicles in India, calling the move "unfair" to the US during an interview with . His comments came shortly after reports emerged about Tesla's strategy to enter the Indian market through local manufacturing to circumvent high import tariffs.
US electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year.