Elon Musk is planning to return to the Indian market with Tesla cars. Previously, it was reported that Musk may lay off the deal due to expenses, but now the Indian government is talking and the Indian automobile market will have new competition.
Elon Musk’s autos could fare well in India’s vast market. Electric cars are promoted to reduce pollution. Tesla’s early entry into the Indian sector will provide him a vast customer base and good business.
Tesla is returning to India, but the Indian government isn’t bending car industry laws. India is becoming self-sufficient under ATMANIRBHAR BHARAT. Elon Musk wants import duty relief to sell his automobiles in India, but Prime Minister Narendra Modi has slapped a 100% import duty on autos.
In response to the Indian government’s policy that it will only set up and deliver its model after a trial, Tesla demanded time to analyze the market and a reduction in import tariff, which costs Tesla a lot.