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Import Duties Too High, Will Make Teslas Unaffordable In India Says Elon Musk
Tesla Motors CEO Elon Musk (HECTOR GUERRERO/AFP/Getty Images)
Elon Musk, chief of US electric vehicle major Tesla has said that import duties on the company’s vehicles in India will likely make the car unaffordable in India.
Musk tweeted out the response on being asked when the company’s plans to enter the Indian market. Musk had earlier in March said that the Tesla could look at entering the Indian car market by this year or the next year definitely.
Musk frequently engages with his followers on Twitter and has talked about his plans for India earlier too. He further tweeted out the company’s modus operandi for entering new markets.
Earlier, India’s Make in India initiative too had engaged with Musk on Twitter to clarify Indian policy on FDI and local sourcing.
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