Tesla has officially abandoned its effort to enter the Indian market and even started to reassign local employees. The automaker couldn’t get the government to change its mind on high import tariffs for foreign electric vehicles.
India has the biggest auto market that Tesla has yet to enter.
For years, Elon Musk said that Tesla’s launch in India was imminent, but strong import tariffs have made it difficult. Nonetheless, the automaker has had some indications of preparing for a launch over the last year.
In 2021, Tesla officially incorporated an Indian company in Bengaluru, the capital of India’s southern Karnataka state. During the summer, Indian government officials said that ---- Continue Reading Here