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Trump warns Elon Musk building a Tesla factory in India would be 'very unfair' to his administration
Fortune
Trump warns Elon Musk building a Tesla factory in India would be ‘very unfair’ to his administration
Christiaan Hetzner
Updated Thu, February 20, 2025 at 1:08 PM EST
4 min read
• The U.S. President does not support Tesla building cars in India, the world's third-largest car market. Foreign brands, however, only compete for about a third of overall demand—and total EV sales are vestigial, growing to just 100,000 vehicles last year.
President Donald Trump warned Elon Musk he would not take kindly to seeing one of his administration’s chief advisors build a manufacturing plant in India.
The Tesla CEO met Indian Prime Minister Narendra Modi last week amid speculation the country could lower tariffs on imported cars, potentially paving the way for Tesla to launch in India. Local media reports suggested Tesla could enter the market in April, selling vehicles shipped from its factory in Germany.
Musk, thus far, has avoided India. At just 100,000 EVs sold last year, demand for high-tech cars like a Tesla isn’t remotely large enough to support local manufacturing and punitive duties that can double the cost of a premium-priced car.
{snip}
Trump warns Elon Musk building a Tesla factory in India would be ‘very unfair’ to his administration
Christiaan Hetzner
Updated Thu, February 20, 2025 at 1:08 PM EST
4 min read
• The U.S. President does not support Tesla building cars in India, the world's third-largest car market. Foreign brands, however, only compete for about a third of overall demand—and total EV sales are vestigial, growing to just 100,000 vehicles last year.
President Donald Trump warned Elon Musk he would not take kindly to seeing one of his administration’s chief advisors build a manufacturing plant in India.
The Tesla CEO met Indian Prime Minister Narendra Modi last week amid speculation the country could lower tariffs on imported cars, potentially paving the way for Tesla to launch in India. Local media reports suggested Tesla could enter the market in April, selling vehicles shipped from its factory in Germany.
Musk, thus far, has avoided India. At just 100,000 EVs sold last year, demand for high-tech cars like a Tesla isn’t remotely large enough to support local manufacturing and punitive duties that can double the cost of a premium-priced car.
{snip}
8 replies
= new reply since forum marked as read
= new reply since forum marked as read
I tried to link a cute photo, but alas, this old luddite has failed.
