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

Tesla avoids manufacturing under India’s EV plan

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Hiring declines in Indian IT as layoffs increase worldwide

Hiring declines in Indian IT as layoffs increase worldwide

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

xAI launches Grok Code Fast 1 to compete in AI coding

xAI launches Grok Code Fast 1 to compete in AI coding

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

New AI tool from OpenAI can write and fix code

New AI tool from OpenAI can write and fix code

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Nvidia hits $4 trillion as AI demand surges

Nvidia hits $4 trillion as AI demand surges

India’s top export destinations: how trade tells the story of global alliances

Data Story: India faces the highest US tariff in Asia

Friday, August 29, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • 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

RelatedPosts

Ultraviolette gets strategic investment from TDK Ventures

Hyundai, GM reveal first five co-developed vehicles for Americas and North America

Tata Motors Q1 results hurt by global demand weakness

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

Ultraviolette gets strategic investment from TDK Ventures

Ultraviolette gets strategic investment from TDK Ventures

0

DBT Bureau Pune, 12 August 2025 Ultraviolette announced a strategic investment from TDK Ventures, the corporate venture capital arm of...

Hyundai, GM reveal first five co-developed vehicles for Americas and North America

Hyundai, GM reveal first five co-developed vehicles for Americas and North America

0

DBT Bureau Pune, 10 August 2025 Hyundai Motor Company and General Motors announced plans for their first five co-developed vehicles,...

Tata Motors Q1 results hurt by global demand weakness

Tata Motors Q1 results hurt by global demand weakness

0

DBT Bureau Pune, 9 August 2025 Tata Motors Ltd. (TML) reported a fall in revenue and profit for the quarter...

VinFast collaborates with Global Assure to expand EV customer support in India

VinFast collaborates with Global Assure to expand EV customer support in India

0

DBT Bureau Pune, 17 June 2025 VinFast collaborates with Global Assure to expand EV customer support in India VinFast reported...

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model
Business

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

0

DBT Bureau Pune, 29 August 2025 O2 Telefónica Germany will launch its Large Telco Model (LTM) to strengthen the Service...

Read moreDetails
Fusion CX expands in India with new 350-seat delivery center in Bengaluru
Media Release

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

0

DBT Bureau Pune, 29 August 2025 Fusion CX, a global leader in customer experience (CX) and business process management, has...

Read moreDetails
Galaxy Tab S10 Lite: A value-packed tablet for everyday needs
Mobile

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

0

Immersive display: A 10.9-inch screen with Vision Booster and up to 600 nits peak brightness delivers vibrant viewing indoors and...

Read moreDetails
Hiring declines in Indian IT as layoffs increase worldwide
Tech

Hiring declines in Indian IT as layoffs increase worldwide

0

Athira Sethu Kochi, 29 August 2025 In 2025, numerous individuals across the globe have lost employment in the tech industry....

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
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

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?