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  • 6/3/2025
Tesla does not plan to manufacture cars in India and is instead focusing on importing vehicles, according to Reuters. The minister for heavy industries, HD Kumaraswamy, said Tesla is not expected to show interest, as the company is not interested in manufacturing in India. India will sharply reduce import taxes for foreign automakers that commit to building EV production lines domestically. The policy was aimed at attracting Tesla, but Elon Musk paused investment plans last year. Tesla plans to import cars into India despite Elon Musk's ongoing criticism of the country’s high import tariffs. Mercedes-Benz, Volkswagen, Hyundai, and Kia have expressed interest in India's EV manufacturing policy, according to Kumaraswamy.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla does not plan to manufacture cars in India and is instead focusing on importing
00:06vehicles, according to Reuters. Minister for Heavy Industries H.D. Kumaravswamy said Tesla
00:11is not expecting to show interest as the company is not interested in manufacturing in India.
00:16India will sharply reduce import taxes for foreign automakers that commit to building
00:19EV production lines domestically. Policy was aimed at attracting Tesla. Elon Musk paused
00:24investment plans last year. Tesla plans to import cars into India despite Elon Musk's
00:29ongoing criticism of the country's high import tariffs. Mercedes-Benz, Volkswagen, Hyundai,
00:34and Kia have all expressed interest in India's EV manufacturing policy, according to Kumaravswamy.
00:40For all things money, visit Benzinga.com slash GSTV.

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