India's heavy industries minister, HD Kumaraswamy, has publicly stated that Elon Musk's electric vehicle (EV) giant Tesla is 'not interested' in manufacturing cars in India. This announcement comes as the Indian government issued detailed guidelines for a scheme to promote EV manufacturing, and despite previous negotiations and incentives offered to global EV companies. While Tesla plans to open two showrooms for retail presence, it has not engaged in later rounds of manufacturing discussions.
Elon Musk's Tesla is 'not interested' in producing cars in India - minister
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TL;DR: Key points with love ❤️India's heavy industries minister, HD Kumaraswamy, has publicly stated that Elon Musk's electric vehicle (EV) giant Tesla is 'not interested' in manufacturing cars in India. This announcement comes as the Indian government issued detailed guidelines for a scheme to promote EV manufacturing, and despite previous negotiations and incentives offered to global EV companies. While Tesla plans to open two showrooms for retail presence, it has not engaged in later rounds of manufacturing discussions.
Trending- 1 2022: Tesla's original plans to open a base in India were shelved due to India's insistence on local manufacturing.
- 2 2023: Elon Musk stated he was 'trying to figure out the right timing' to invest in the Indian market.
- 3 Last March: India cut import taxes on EVs for carmakers committing to investing $500m and starting local production within three years.
- 4 Earlier this year: Elon Musk met Prime Minister Narendra Modi in Washington DC.
- 5 February: US President Donald Trump commented that it would be 'unfair' if Tesla built a factory in India.
- 6 Last week: Elon Musk announced his departure from his government role.
- 7 Monday: India's heavy industries minister HD Kumaraswamy stated Tesla is 'not interested' in manufacturing in India.
- Tesla will not manufacture cars in India for the time being, but will establish a retail presence with two showrooms
- India continues to attract interest from other global EV manufacturers
- Tesla faces growing competition globally, particularly from Chinese players
What: India's heavy industries minister states that Elon Musk's Tesla is not interested in manufacturing electric vehicles in India.
When: Monday (minister's remarks); last March (India unveiled incentives); February (Trump's comments); 2022 (original plans shelved); 2023 (Musk's comments); earlier this year (Musk met Modi); last week (Musk announced departure from government role).
Where: India.
Why: Tesla's focus is on retail presence rather than local manufacturing; Indian government's previous insistence on local production; high import duties previously; Indian EV market may not be mature enough; growing competition from local and Chinese players; backlash against Musk.
How: Minister HD Kumaraswamy made public remarks.