Check out what’s clicked on FoxBusiness.com.
Tesla CEO Elon Musk He said the company would not manufacture cars in India if the state did not allow it to sell and service its electric cars.
When asked by a Twitter user on Friday if Tesla would make a factory in India in the future, Musk said the move might not happen under the country’s current rules.
“Tesla will not put a factory anywhere where we are not allowed to sell and service cars first,” Musk wrote in a tweet.
The team Musk hired in India last year were instructed to focus on the East east and Asia Pacific’s largest market.
Tesla loses bid to move sexual harassment lawsuit to arbitration
Elon Musk tweeted on Friday that Tesla would not manufacture cars in India if the government did not allow the company to sell and service its electric cars. (Getty Images / AP)
Musk’s comments come at a time when the Indian government has not yet accepted his demand Reducing import duties on Tesla cars.
Indian leaders made numerous unsuccessful appeals to Musk to bring Tesla to India.
“We asked him to come to India and industrialize here,” said Minister of Road Transport and Highways Nitin Gadkari. We have no problems. Vendors are there, we provide all kinds of technology and because of that, Mask can reduce the cost.” during the Raisina Dialogue 2022 conference last month, according to TribuneIndia.com.
TESLA driver’s car on autopilot in fatal crash, order issued for permanent trial
Tesla CEO Elon Musk and Armin Laschet, Federal President of the CDU and Prime Minister of North Rhine-Westphalia, speak during a tour of the future foundry plant of the Tesla Gigafactory on August 13, 2021 in Grünheide near Berlin, Germany. ((Photo by Patrick Ball-Paul/Getty Images)/Getty Images)
He added, “India is a huge market and offers good export opportunities as well. Musk can export Tesla cars from India.”
Gadkari said in February that musk should first be made in India before Tesla cars can be driven on the roads.
TESLA removed from the ESG S&P 500 Index; Musk responds
A Tesla car passes through the Tesla plant in Fremont, California. (Archyde.com/Archyde.com Photo)
Musk had tweeted in January that he might not release Tesla cars in India yet due to “challenges with the government”. Last summer, the billionaire posted on Twitter that he would like to launch Teslas in India, but the country’s import duties are “the highest in the world by far of any large country”.
India currently levies a 100% tax on imported cars that cost more than $40,000, including insurance and freight. Cars costing less than $40,000 face a 60% import tax.
Get your FOX business on the go by clicking here
Musk also said on Twitter on Friday that SpaceX is awaiting approval from the Indian government To provide the South Asian country with Starlink satellite internet.
