Trump says unfair to US if Musk builds factory in India

[Hitman]

NEW DELHI, Feb 19 (Reuters) - U.S. President Donald Trump has said that if Tesla (TSLA.O), opens new tab were to build a factory in India to circumvent that country's tariffs, it would be "unfair" to the U.S., in an interview with Fox News which aired on Tuesday.

Trump called out India's high duty on cars during Prime Minister Narendra Modi's visit to the U.S. last week, but agreed to work towards an early trade deal and resolve their standoff over tariffs.

Tesla's CEO Elon Musk has long criticised India for having import tariffs of around 100% on EVs which protect local automakers such as Tata Motors in the world's third largest auto market, where EV adoption is still at a nascent stage.

Trump said it is "impossible" for Musk to sell a car in the South Asian nation.

"Every country in the world takes advantage of us, and they do it with tariffs... It is impossible to sell a car, practically, in, as an example, India," he said.

India's government in March unveiled a new EV policy lowering import taxes substantially to 15% if a carmaker invests at least $500 million and sets up a factory.

[fasak_vachadu]

Started 

[Assam_Bhayya]

India lo inko kapuram pedathan ante asal pellam urike untadha 

[Hitman]

2 minutes ago, fasak_vachadu said:

Started 

US lo build chesi + Tariff's add chesi - aa dabba car ni India lo evadu kontaadu..  People love European BMW, BENZ other foreign cars for their Luxury.  Look at Mahindra cars, Tesla trach cans are not at all aesthetic for Indians...

[Hitman]

2 minutes ago, Assam_Bhayya said:

India lo inko kapuram pedathan ante asal pellam urike untadha 

let Musk deliver few more babies with Indian Tesla Staff man... India needs Musk's in the near future. 

[11_MohanReddy]

9 minutes ago, Hitman said:

let Musk deliver few more babies with Indian Tesla Staff man... India needs Musk's in the near future. 

[r2d2]

But he wants foreign companies to set up plants in the USA to avoid his tariffs..

heads I win.. tails you lose..

 

[aratipandu]

29 minutes ago, r2d2 said:

But he wants foreign companies to set up plants in the USA to avoid his tariffs..

heads I win.. tails you lose..

 

vaadi aathram anthe...entha force chesina foreign companies will make commitments and promises anthe....investments ocche lopu eedi term aypoddhi...

[AndhraneedSCS]

US lo manufacture chesi, India lo tarrifs lekunda export cheddam ani tatha expect chestunnada?

 

Recipe for disaster to Tesla