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Home World India

‘India a hot market but…’: Tesla says 100% car tariffs make customers anxious

23 April 2025
in India
0
‘India a hot market but…’: Tesla says 100% car tariffs make customers anxious
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Tesla, led by Elon Musk, views India as a promising market but is hindered by a 100% import tariff on automobiles, causing customer anxiety regarding vehicle pricing. CFO Vaibhav Taneja noted the company is evaluating its entry timing, as Tesla has made steps like securing showroom locations and advertising job openings, while also importing a Model Y vehicle for shipping purposes. Despite discussions with Indian officials to reduce tariffs, local manufacturers oppose any reductions, complicating Tesla’s plans to establish a presence in the world’s third-largest automotive market.

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Tags: Anxiousbut..carCustomerselectric vehicles in IndiaElon MuskHotindiaMarketTariffsTeslaTesla IndiaTesla market entry in IndiaTesla Model YVaibhav Taneja
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