Elon Musk and Donald Trump discussed Tesla's potential entry into the Indian market and the challenge posed by India's high import tariffs, which currently stand at 100 percent. The Indian government has offered to reduce or eliminate these tariffs if Tesla commits to building a factory in India. Recent discussions also indicate that Tesla is moving forward with hiring for Sales and Service positions, signaling progress in negotiations. However, a Gigafactory in India is still seen as vital for Tesla to effectively enter the market without the burden of steep import duties.
The tariffs are like 100 percent import duty. The tariffs are so high - they don't want to - now, if he [Musk] built the factory.
Collection
[
|
...
]