India, April 23 -- Amid speculations about its India entry, US-based EV giant Tesla has once again raised concerns about the high import tariffs. Calling the Indian market a "very hard market" for Tesla, the company's CFO Vaibhav Taneja said that India's current tariff structure is a roadblock for its India entry.

"The current tariff structure with India is that any car, which we send in, is subject to 70% tariff and a 30% luxury tax. So, the same car which we're selling (in the US) is 100% more expensive in India," Taneja said during the company's investor call for Q1 2025.

Further, he pointed out that the tariff imposed on the company's cars doesn't bring any benefit to Tesla but the "local government". The tariff situation has led Te...