Union Commerce and Industries Minister Piyush Goyal is scheduled to visit the US from November 13-17 to attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting and has been invited to attend the Asia-Pacific Economic Cooperation Summit
The topic of discussions of this upcoming meeting between Musk and Goyal are likely to centre on Tesla’s plans to set up a manufacturing facility in India.
Reports are that Tesla will have to import from Germany because the Indian government is not keen on imports from the company’s China plant. Tesla also plans to launch a Rs 20 lakh EV in India. Importing from Germany is expected to benefit Tesla in terms of import duties too
Tesla In India: Elon Musk s Tesla is likely to enter the Indian market next year, as the Prime Minister s Office directs relevant departments to expedite Tesla s investment plans by January 2024. This move marks a significant development for India s automotive sector, the world s third-largest market. Tesla s entry will initially involve fully built-up car imports, sparking discussions about potential advantages from lower import duties for the American company compared to domestic electric car manufacturers.
Elon Musk s Tesla is likely to enter the Indian market next year, as the Prime Minister s Office directs relevant departments to expedite Tesla s investment plans by January 2024. This move marks a significant development for India s automotive sector, the world s third-largest market. Tesla s entry will initially involve fully built-up car imports, sparking discussions about potential advantages from lower import duties for the American company compared to domestic electric car manufacturers.