Donald Trump Reaction on Elon Musk: US President Donald Trump has expressed displeasure over the announcement of its expansion plan along with the recruitment process in India by the world’s leading EV manufacturer Tesla. He termed Allen Musk’s decision inappropriate and said that it is impossible for him to sell a car in India. Trump expressed this resentment in a media interview, in which Allen Musk was also present.
Alan will not be able to sell cars in India
In an interview to foreign media, Trump said, “I expressed my opposition to the high tariffs installed by India on the cars by India in a meeting with Prime Minister Modi.” He agreed to amend the case and change the tariff. India imposes 100 percent tariffs on imports of electric vehicles to protect domestic companies like Tata Motors, the world’s third largest vehicle manufacturer. Due to which it is impossible for Alan Musk to sell a car in India.
Alan Musk also believed that in India…
Even Alan Musk has admitted that selling cars in India is almost impossible. Because it applies 100% tariff on electric vehicles. But in India, 15 percent import duty is levied on e-cars worth more than $ 35,000. However, certain conditions apply. However, Trump told Musk that every country in the world earns money from us instead of tariffs. If Musk decides to open a factory in India, it will be considered an injustice to the US.
Tesla will enter India in April
Sources have revealed that Alan Musk’s Tesla is planning to enter India by April this year. The EV manufacturer has also chosen a place for two showrooms in Mumbai and New Delhi. Recruitment for various posts has also started. However, Tesla has not given any information about starting a manufacturing plant in India.
These are the challenges in front of Tesla
Tesla has been trying to enter India’s electric vehicle market for the past several years. But due to investment, regulation and high taxes, it is facing many challenges. He demanded various incentives including a decrease in import duty.
EV policy reform
In March last year, the Government of India has new E.V. The policy was introduced. In this, if a car manufacturer set up a factory in India and invests $ 500 million, then 15 percent import duty will be taken from it.
