Washington DC:
Tesla, a few days after hiring employees in India, indicating its potential entry in the market, US President Donald Trump has said that any possible plan of EV manufacturer for the construction of a factory in India, the country To sideline the tariff, ‘very unfair’ will be. , The US President commented during a joint interview with Tesla CEO Elon Musk for Scene Hanti of Fox News.
President Trump remembered that he called India’s high duty on cars during Prime Minister Narendra Modi’s visit to the United States last week, but agreed to work towards an early business deal and resolve his deadlock on tariffs Did
During his US visit, PM Modi also met Tesla CEO Elon Musk, who has long criticized India for imports of about 100 percent on EVS, which local vehicles like Tata Motors in the world’s third largest auto market Protect the manufacturers, where EV adoptions still have to be adopted on a newborn stage.
Mr. Trump said that it is “impossible” to sell a car in India for Elon Musk. “Every country in the world takes advantage of us, and they do it with tariffs … it is impossible to sell a car, practically, as an example, in India,” he said.
However, in March, the Government of India unveiled its new EV policy, reducing import taxes to 15 percent if a car manufacturer invests at least $ 500 million and set up a factory.
President Trump said it would be “unfair” to the US if Elon Musk decided to build a factory there. Trump said in an interview, “Now, if they built a factory in India, it is fine, but it is unfair to us. It’s very unfair.”
India’s Foreign Ministry did not immediately respond to the request of the comment.
Trump’s mutual tariff threat
Donald Trump’s plans for mutual tariffs on every country that are importing us, have risk the global trade war with American friends and enemies. Under its proposed mutual tariff system, the US will implement the same level of tariffs on imports from other countries, as those nations have leveled on American goods.
“If I said 25 percent, they would say,” Oh, it’s terrible. ” I do not say that … because I say, ‘Whatever they charge, we will charge.’ And you know what they stop, ”Shri Trump told Fox News on Tuesday while talking about his tariff schemes.
Tesla’s India Entry
According to sources, Elon Musk’s Tesla is expected to enter the Indian market in early April this year. The EV manufacturer has allegedly selected places for two showrooms in Indian cities of New Delhi and Mumbai and posted job advertisements for 13 middle-level roles in India.
However, Tesla currently does not manufacture any vehicle in India.
Tesla has long been rumored to join India’s electric vehicle (EV) market, but has faced several obstacles related to local factory investment, regulations and high taxes. This has previously advocated for low import duties along with policy encouragement.
