India, June 3 -- Tesla has confirmed it will not take advantage of India's newly launched electric vehicle manufacturing incentives, despite New Delhi's efforts to attract global automakers.
On Monday, Heavy Industries Minister H.D. Kumaraswamy stated that Tesla is "not interested in manufacturing in India," even as companies like Mercedes-Benz, Volkswagen, Hyundai, and Kia explore the benefits offered by the government.
India's incentive framework cuts import duties to 15%-down from 70%-for automakers that commit roughly $500 million to local EV assembly and satisfy prescribed domestic content requirements.
However, Tesla plans to continue importing fully built cars, a strategy CEO Elon Musk has repeatedly criticized due to India's high...