On July 4, it was reported that Tesla’s senior management had terminated communication with India, which implied that Tesla’s investment plan in India may not be advanced in the short term.It is reported that since Musk’s visit to India at the end of April, his team has not contacted the investment issues with New Delhi officials.India officially learned that, given that Tesla’s current financial situation, the company has recently unintentionally made a new investment commitment in India.
In this context, the Indian government is looking forward to local automobile manufacturers such as Tata Automobile and Ma Hengda, looking forward to increasing the output of electric vehicles.If Tesla restarts the dialogue in the future, it is still expected to enjoy India’s new import tariff preferential policies.Lucknow Investment
At the same time, Tesla’s interest in India has declined, and its global delivery volume has declined in the second quarter in the second quarter, and has encountered stronger competitive pressure in the Indian market.In April, Musk announced a large -scale layoff plan.Although Tesla newly launched the Cybertruck model, the production speed up slowly.In addition, the construction of the Mexican factory in Tesla has also been postponed.Varanasi Stock
Musk was canceled at the busy visit of India in April. The itinerary originally included a meeting with Indian Prime Minister Modi.Shortly before the visit plan was announced, India reduced import tariffs on electric vehicles to foreign car manufacturers, provided that these companies need to promise to invest at least 41.5 billion rupees (about 497 million US dollars), and produce electric vehicles in the local area in three years.Kanpur Investment
The Indian electric vehicle market is currently in the initial stageAgra Stock. According to Bloomberg New Energy Finance data, last year, electric vehicles accounted for only 1.3%of the total sales of Indian passenger vehicles.Insufficient investment and charging facilities in the early stage have made many potential buyers be cautious about converting into electric vehicles.
As of now, the Indian Ministry of Industry, the Ministry of Finance, and the Ministry of Commerce and Industry, which involved the incident, have not responded to the comments requests, and Tesla has not comment.
Lucknow Wealth Management
