Mercedes-Benz gains lead in India with domestic assembling while Tesla continues to work on challenges

In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country.

Last year, Tesla planned on selling imported cars in the Indian market and had lobbied the government to slash import taxes on electric vehicles (EVs) before its entry into the market.

Musk didn’t clarify on what those “challenges” could be.

Tesla’s demand to slash taxes on imported cars have triggered a slew of objections from several domestic rivals who opine that such a move deter investment in domestic manufacturing.

The Indian government also want Tesla to commit to local manufacturing before considering any tax breaks however Tesla has indicated it wants to first experiment with imports.

Tesla’s rival, Mercedes-Benz, is slated to start assembling operations of its electric vehicle flagship, S-Class sedan, the EQS, in India later this year.



Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: