Elon Musk said that Tesla cars would not be manufactured in India unless the government grants its two requests. It was reported that Indian leaders had appealed multiple times to bring the Tesla vehicles to the country.
As per Fox Business, the Tesla CEO said that it would only make the EVs in India if it allows them to sell and service their electric cars. It was revealed that the Indian government prohibited the company from selling and servicing its EVs.
Musk said via social media post that the manufacturing of Tesla cars in India will not happen due to the current rules in the country. He made the statement after a Twitter user asked him if Tesla will make EVs in India in the future.
Musk tweeted in reply, "Tesla will not put a manufacturing plant in any location where we are not allowed first to sell and service cars."
Since Tesla will not produce its electric vehicles in a plant in India, the Indian team that was hired by Musk last year was told to shift their focus to the bigger markets such as the Asia-Pacific.
As published in a local Indian publication, Road Transport and Highways Minister Nitin Gadkari said during the Raisina Dialogue 2022 conference in April, "Our request to him is to come to India and manufacture here. We have no problems and the vendors are available, we offer all kinds of technology and because of that, Musk can reduce the cost."
He added that their country is a huge market that offers good export opportunities, and Elon Musk can easily export the Tesla cars from India. But apparently, the Tesla chief also wants to sell locally and not just export the EVs that will be made there.
Indian Express reported that Tesla had entered the Indian market, but its operation has been on hold since 2019. This is because the EV maker has been requesting for lower customs duty on imported electric vehicles. But rather than accepting the request at once, the Indian government ask the company to set up its production base in India.


South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 



