As New Players Upend the EV Market, Indians Want Their Money Back for Undelivered Teslas

Quick Summary:

In the eight years since Tesla’s initial promise to sell cars in India, other automakers have launched their own EVs while the American firm has failed to follow through.

Rajesh Kumar Singh, a federal bureaucrat who heads the Indian agency for promoting industrial growth, said in a TV interview that the Tesla executive who Indian officials had been talking with “got fired” and that India didn’t know what the company intended to do.

Despite his earlier enthusiasm, in 2019 Musk expressed concern that import duties could double prices of Teslas made in India, making them “unaffordable.” Many in India expected Musk to announce plans for a factory there in April, but he canceled an expected trip at the last minute, citing “very heavy Tesla obligations.

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Article Details

Author / Journalist: Aniruddha Ghosal

Category: Economy

Markets: United StatesAfghanistanBangladeshChinaGermanyIndiaJapanSouth KoreaMaliMongoliaPakistanVietnam

Topics: Cars Musk Sales Automakers Tesla China 2023 Market Years Indian India

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 01:13:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2787 words

Reading Time: 16 minutes read

Sentences: 117 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Diplomat

News ID: 22090353

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