Pakistan, June 3 -- US President Donald Trump stopped Elon Musk's Tesla from building a manufacturing plant in India. India's Heavy Industries Minister, H.D. Kumaraswamy, announced Tesla's lack of interest in local manufacturing during a press conference. Tesla will only operate showrooms in India and will not invest in a factory or production plant.

Kumaraswamy shared details about India's new scheme to promote local electric vehicle production. The plan reduces import duties on electric cars priced above $35,000 by up to 15%, but only if companies invest $50 million and build a manufacturing plant in India. Several global brands like Mercedes-Benz, Volkswagen, Hyundai, and Kia have shown interest under this scheme.

When asked about Te...