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Trump says Musk’s India factory plans unfair to US

United States President Donald Trump recently raised concerns about Tesla’s plans to potentially build a factory in India, citing US trade concerns.

Trump pointed out that India’s tariffs on cars are among the highest in the world.

Trump expressed that if Tesla’s CEO Elon Musk were to follow through with building a factory in India, it would be “unfair” to the US.

He said, “Now, if he built the factory in India, that’s okay, but that’s unfair to us. It’s very unfair.”

Currently, India’s import taxes on electric vehicles (EVs) can reach up to 100%.

However, a new policy introduced in March reduces this rate to 15% for carmakers investing at least US$500 million to build manufacturing facilities in India.

Recent Tesla developments

Timeline
19-Feb-2025 🚗 Tesla expands to India with new showrooms, hiring
  • Tesla opens showrooms in Delhi and Mumbai.
  • Plans for local hiring and sales of imported EVs.
18-Feb-2025 🇮🇳 Tesla starts hiring in India after Musk-Modi meeting
  • Tesla posts 13 senior roles in India.
  • CEO Musk meets PM Modi, hints at showroom plans.
08-Feb-2025 📉 Tesla’s China sales drop 11.5% as BYD soars 47%
  • Tesla sales in China drop 11.5% YoY in January.
  • BYD sees 47% increase, Tesla cuts prices & offers loans.
04-Feb-2025 📉 Tesla shares drop 5% on Trump tariffs, EU registration dip
  • Tesla shares drop 5% after tariff announcement.
  • Vehicle registrations decline, with Europe seeing huge drops.

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