• Latest
  • Trending
Tesla to layoff 14,000 staffers in its bid to save cost

Tesla avoids manufacturing under India’s EV plan

Not much impact on Latent View Analytics’ revenue due to AI-led disruption

Not much impact on Latent View Analytics’ revenue due to AI-led disruption

IOCL declares 2nd interim dividend of ₹2 per share for FY2025-26

IOCL declares 2nd interim dividend of ₹2 per share for FY2025-26

Wipro Limited appoints Laura Miller to its Board

Wipro Limited appoints Laura Miller to its Board

Mazagon Dock Shipbuilders surges on defence orders

Mazagon Dock Shipbuilders surges on defence orders

Commodities drift lower amid dollar strength, rising inventories and oil supply concerns

OMC on radar after US allows India to buy Russian oil

VinFast introduces Lac Hong 800S, 900S Ultra-Luxury EVs ahead of 2027 launch

VinFast introduces Lac Hong 800S, 900S Ultra-Luxury EVs ahead of 2027 launch

NMDC iron ore price table effective 06 March 2026

NMDC iron ore price table effective 06 March 2026

Bank of Baroda launches AI solutions: ‘Aditi’, ‘GyanSahay.AI’ and ‘ADI’

BoB raises Rs 10K crore through green infra bonds

L&T makes new strides in Digital Energy Solutions business

Impact of Iran-Israel Conflict on Indian EPC companies

2024 IPO Wrap: Americas and EMEIA recover, Asia-Pacific lags – EY Global IPO Trends 2024 report

Know all about Innovision’s upcoming IPO

Gold briefly tops $5,400 on geopolitical tensions; dollar strength caps gains

Gold briefly tops $5,400 on geopolitical tensions; dollar strength caps gains

Hindustan Zinc, Virginia Tech collaborate on advanced research in silver recovery

Hindustan Zinc, Virginia Tech collaborate on advanced research in silver recovery

Saturday, March 7, 2026
  • Login
Data Biz Times
  • Commodity
  • Data Story
  • Market
  • Business
  • News
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Tesla avoids manufacturing under India’s EV plan

in Automotive
Reading Time: 2 mins read
0
Tesla to layoff 14,000 staffers in its bid to save cost
Share on FacebookShare on Twitter

Athira Sethu

Kochi, 3 June 2025

Tesla, the iconic electric car maker owned by Elon Musk, is not looking to manufacture cars in India currently. They merely want to set up showrooms, India’s Heavy Industries Minister HD Kumaraswamy has said.

The government of India is attempting every bit to get more electric vehicles produced in India. It went ahead even to initiate a new policy to prompt industries to establish electric vehicle (EV) plants within India. But at present, Tesla does not appear keen on establishing a plant here.

“They only want to open showrooms,” the minister said.

Still, Heavy Industry Secretary Kamran Rizvi added that everything is not confirmed as yet. “We will understand their true intentions when we open the application process,” he clarified.

Earlier, Tesla had expressed some interest in selling its vehicles in India. But the company had problems with India’s hefty import duties. Now, the government lowered the import duty to 15% in order to entice firms like Tesla and other similar firms.

Other auto firms like Hyundai, Mercedes-Benz, Kia, and Skoda are evincing keen interest to manufacture EVs in India under the new policy.

The government of India announced recently the Scheme to Promote Manufacturing of Electric Passenger Cars in India. The scheme is a part of India’s vision to combat pollution, develop the economy, and position the country as a leading center for manufacturing EVs.

According to this scheme:

  • Firms may import costly electric vehicles at a reduced tax rate of 15% for 5 years.
  • But they need to invest a minimum of Rs 4,150 crore in India.
  • They have to initiate local production within three years.

Elon Musk’s father, Errol Musk, who is currently visiting India, said he wishes to see Teslas in India soon. But he confessed that he can’t speak officially as Tesla is a public company.

With this new policy, India is looking to invite the world’s best car manufacturers, generate employment, and position itself as a major player in the electric vehicle industry.

Tesla might begin with showrooms for the time being, but it is not known if and when they will manufacture cars in India.

Related Posts

VinFast introduces Lac Hong 800S, 900S Ultra-Luxury EVs ahead of 2027 launch

VinFast introduces Lac Hong 800S, 900S Ultra-Luxury EVs ahead of 2027 launch

0

DBT Bureau Pune, 6 March 2026 VinFast announced the completion of its strategic structuring into three automotive brand lines and...

Hyundai Motor India Limited posts record February sales at 66,134 units, up 12.6% YoY

Hyundai Motor India Limited posts record February sales at 66,134 units, up 12.6% YoY

0

DBT Bureau Pune, 1 March 2026 Hyundai Motor India Limited (HMIL) achieved total sales of 66,134 units in February 2026...

Ola Electric Roadster X+ certified, offers up to 500 km range

Ola Electric Roadster X+ certified, offers up to 500 km range

0

DBT Bureau Pune, 30 Dec 2025 Ola Electric said that its flagship electric motorcycle, the Roadster X+ (9.1 kWh), powered...

TVS Motor company sales grows 30% in November 2025

TVS Motor company sales grows 30% in November 2025

0

DBT Bureau Pune, 1 Dec 2025 TVS Motor Company recorded monthly sales of 519,508 units in November 2025, registering a...

Not much impact on Latent View Analytics’ revenue due to AI-led disruption
Market

Not much impact on Latent View Analytics’ revenue due to AI-led disruption

0

Debasis Mohapatra Bengaluru, 7 March 2026 Latent View Analytics is unlikely to see much impact on its business due to...

Read moreDetails
IOCL declares 2nd interim dividend of ₹2 per share for FY2025-26
Market

IOCL declares 2nd interim dividend of ₹2 per share for FY2025-26

0

DBT Bureau Pune, 6 March 2026 Indian Oil Corporation Limited said in an exchange filing that the Board of Directors...

Read moreDetails
Wipro Limited appoints Laura Miller to its Board
Business

Wipro Limited appoints Laura Miller to its Board

0

DBT Bureau Pune, 6 March 2026 Wipro Limited reported the appointment of Laura Marie Miller to its Board of Directors....

Read moreDetails
Mazagon Dock Shipbuilders surges on defence orders
Data Story

Mazagon Dock Shipbuilders surges on defence orders

0

Athira Sethu Kochi, 6 March 2026 Mazagon Dock Shipbuilders Ltd. shares surged up to 11% on Thursday, March 5, marking...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Artificial Intelligence
  • Business
  • Data Story
  • Market
  • Media Release
  • News
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?