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On February 13, 2025, Elon Musk meets with Indian Prime Minister Narendra Modi at the Blair House in Washington, USA.
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Tesla Carefully moves on the entrance to India, Vaibhav Taneja financial director said on Tuesday when the electric car manufacturer faces sales falls and tariff threats.
Speaking on the call call, Taneya confirmed reports The fact that the company is working on expanding in India, adding that it will be a great market thanks to its “big middle class”.
However, India is also a “very heavy market” when it imports into the country to the country, which is subject to 70% and about 30% luxury tax, he said, noting that it could do India, provided by Tesla is twice as expensive, he said.
“That’s why we tried very carefully to find out if at this time … Such things create a little tension that we are trying to work out,” he added.
India mentioned interest in Tesla creates a base in a countryAlthough the country’s protectionist policy represents some obstacles to the EV manufacturer.
Taneja’s statements come a few days after Tesla CEO Elon Musk Talked to Indian Prime Minister Narendra Modi on topics, including cooperation in technology and innovation.
In February, Modi also met with a mask during a visit to Washington, in February, talking about Tesla’s plans for India. In the same month Sources said CNBC-TV18 The fact that the company was considering importing EVS from its Berlin plant to the country back in April.
From India government has suggested a new policy This can see how EV tariffs fall from about 70% to 15% for firms that plan to localize some production in the country.
However, experts said CNBC that Tesla is still Pressure on price pressure on the schemeThe company will probably push for further political reforms.
However, new tariffs of US President Donald Trump, located on US trading partners, including India, can start cloud for any possible talks between Tesla and New Delhi.
Washington has imposed additional tariffs of 10% in India, but they can grow by 26% when the 90-day pause on Trump’s “mutual tariffs” is over without deal with the US and India.
Vice -President JD Vance met with Modi in India on Monday, saying hello “significant” progress Made in trade negotiations between the two countries.
Tesla reported the disappointing results of the first quarter On Tuesday, including a 20% drop in automobile income compared to the year and 71% fall in net profit.
