Tesla abandons plans to enter the Indian market: what’s wrong?
- May 16, 2022
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Such a change in Tesla’s plans will inevitably affect the economy of India, which is still the world’s largest market, where Tesla is not yet officially represented. Now
Such a change in Tesla’s plans will inevitably affect the economy of India, which is still the world’s largest market, where Tesla is not yet officially represented. Now
Such a change in Tesla’s plans will inevitably affect the economy of India, which is still the world’s largest market, where Tesla is not yet officially represented. Now the country will lose tens of thousands of jobs expected as the company launches.
It was the strong import tariffs that created a serious barrier to Tesla’s entry into the Indian market. But there were some signs that the company could enter the market in 2022. Earlier, an Indian company was established in Bangalore as a local division of the brand.
There is a strategy in India to encourage local electric car manufacturers, including high import tariffs for electric cars. This policy has made it difficult for foreign electric vehicles from China and the US to enter the market. Tesla planned to set up an electric car factory in India, but first aimed to see how its cars would perform in the market.
The Indian government, through its transport minister, has said it wants Tesla to manufacture cars in India rather than relying on imports from China. Also, it has not yet set up a service center and Supercharger charging stations in the country.
Some of Tesla’s key employees in India have already moved to other countries. The government will not provide Tesla with special conditions for the construction of the plant, so the company will continue to develop in other countries, and India will remain without Tesla.
Source: 24 Tv
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