The country’s Minister of Heavy Industries said that the giant Tesla, owned by Elon Musk (EV), “is not interested in manufacturing in India.”
The notes were made on Monday as the Indian government issued detailed guidelines for a plan to enhance EV manufacturing in the country.
This is the first time that India has publicly admitted that it has not been able to attract investment dollars from Musk, even after the unveiled Global Ev incentives last March.
Minister HD Kumaraswamy confirmed that Tesla will open two shows in India and have a fragmentation.
“Mercedes -Benz, Skoda Volkswagen, Hyundai and Kia showed attention [in manufacturing electric cars in India]. “We don’t expect them.”
Another official of the Press Trust of India Agency said that Tesla representative participated in the first round of stakeholders’ discussions of the manufacturing system, but “was not part of the second and third round.”
Comments at the back of US President Donald Trump in February will be “unfair” for the United States if Tesla built a factory in India.
Over the years, Tesla had several rounds of negotiations to enter India.
The company’s original plans to open a base were suspended in 2022 after the Indian government insisted that Tesla make cars locally. The car maker said he wanted to export to India first so that he can test the request.
In 2023, musk He said He was “trying to know the right time” to invest in the Indian market.
Musk met Prime Minister Narendra Modi earlier this year in Washington, DC, where the two discussed the “tremendous potential” for cooperation in technology and innovation.
Last year, India reduced import taxes on EVS for global auto companies that committed to investing $ 500 million (369 million pounds) and starting local production within three years. This came after Musk complained that high import duties prevent the car maker from entering India.
But analysts say that the Indian EV market may not be sufficiently mature to invest Tesla locally – EV sales are still less than 3 % of total passenger vehicles sales in India, and locally made alternatives can cost half of what consumers must get rid of the main Tesla model.
Charging infrastructure and local road conditions can be more deterrence.
Tata Motors is currently leading the EV market in India with more than 60 % of the market share. MG Motors – owned by JSW in India and a Chinese company – ranks 22 %.
Globally, Tesla faces an increasing competition from Chinese players such as BYD.
Her sales fell to The lowest level Within three years in the first three months of 2025, after a violent reaction against Musk and his role in the Trump administration.
Musk announced his departure from his governmental role last week.
