Latest news with #ElonMusk-owned
Saudi Gazette
2 hours ago
- Automotive
- Saudi Gazette
Tesla is 'not interested' in producing cars in India, says minister
KOCHI — Elon Musk-owned electric vehicle (EV) giant Tesla is "not interested in manufacturing in India", the country's heavy industries minister has said. The remarks were made on Monday as the Indian government issued detailed guidelines for a scheme to promote EV manufacturing in the country. This is the first time that India has publicly admitted that it has not been able to lure investment dollars from Musk, even after unveiling incentives for global EV giants last March. Minister HD Kumaraswamy confirmed that Tesla would open two showrooms in India and have a retail presence. "Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest [in manufacturing electric cars in India]. Tesla - we are not expecting from them," Kumaraswamy said. Another official told the Press Trust of India news agency that a Tesla representative had participated in the first round of stakeholder discussions for the manufacturing scheme but "was not part of the second and third round".The comments come on the back of US President Donald Trump saying in February that it would be "unfair" for the US if Tesla built a factory in the years Tesla has had several rounds of negotiations to enter company's original plans to open a base were shelved in 2022 after the Indian government insisted that Tesla make cars locally. The carmaker had said it wanted to export to India first so that it could test 2023, Musk said he was "trying to figure out the right timing" to invest in the Indian met Prime Minister Narendra Modi earlier this year in Washington DC where the two discussed the "immense potential" for collaboration in technology and year India cut import taxes on EVs for global carmakers which committed to investing $500m (£369m) and starting local production within three years. This came after Musk complained that high import duties were preventing the carmaker from entering analysts say the Indian EV market may not be mature enough yet for Tesla to invest locally - EV sales still make up less than 3% of overall passenger vehicle sales in India, and locally made alternatives can cost half of what consumers will have to shell out for Tesla's base infrastructure and local road conditions could be further Tata Motors currently leads India's EV market with over 60% market share. MG Motors - jointly owned by India's JSW and a Chinese firm - is second at 22%.Globally, Tesla has been facing growing competition from Chinese players such as sales plummeted to their lowest level in three years in the first three months of 2025 after a backlash against Musk and his role in the Trump announced his departure from his government role last week. — BBC
NDTV
12 hours ago
- Automotive
- NDTV
Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
New Delhi: Tesla, the Elon Musk-owned electric vehicle giant, is not interested in manufacturing in India and is keen on opening showrooms, Union Minister for Heavy Industries HD Kumaraswamy said on Monday. The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). " are only to start showrooms. They are not interested in manufacturing in India," the minister said. Heavy Industry Secretary Kamran Rizvi, however, added, "The real intent we'll know when we open the application". "If the company still feels like investing. What the minister is telling is about what come and tell informally," he said. The minister added that many European companies like Hyundai, Mercedes Benz, Skoda and Kia have shown interest in manufacturing units in India under the new EV policy. Earlier, there were reports that Tesla was interested in importing Tesla cars into India and subsequently selling them through their showrooms in India. Tesla boss Musk had in the past indicated that he was interested in investing in India, but "high import duty" structures were a bone of contention. Tesla's intention to come into India had intensified after India announced its new EV policy, under which import duty was reduced to 15 per cent and many incentives were provided for setting up a manufacturing plant in India. Meanwhile, Elon Musk's father, Errol Musk, who is in India, appeared keen on Tesla's presence in the country. "That is something that I have to be careful not to say too much about. Tesla is a public company. It's not you look at India and the population, the kind of people you've got here, the energy and everything and when I hear that, with great respect, BYD and various others are coming in, and Tatas and Mahindra are making great cars, I'm very inclined to say, wait, why aren't we having Teslas here. But I can't say too much. That's just a personal point of view," he said. He was answering a query about plans for Tesla's presence in India. The central government on Monday notified guidelines for the Scheme to Promote Manufacturing of Electric Passenger Cars in India. The central government approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). The initiative is aligned with India's national goals of achieving net zero by 2070, fostering sustainable mobility, driving economic growth, and reducing environmental impact. It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation. Ministry of Heavy Industries (MHI) has issued a notification regarding detailed guidelines for the "Scheme to Promote Manufacturing of Electric Passenger Cars in India" (SPMEPCI / the Scheme)MHI had issued the Scheme notification on March 15 2024. The Department of Revenue also issued the notification on March 15, 2024, for reduced import duties in line with the provisions of the scheme. The notice for inviting applications under the Scheme is proposed to be notified shortly, whereby the prospective applicants would be able to submit online applications. The scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The Scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of "Make in India". To encourage the global manufacturers to invest under the Scheme, the approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of USD 35,000 at reduced customs duty of 15% for a period of 5 years from the Application Approval Date. Approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the scheme.
India Gazette
18 hours ago
- Automotive
- India Gazette
Tesla not interested in manufacturing in India, says Kumaraswamy; government issues guidelines for domestic EV manufacturing
New Delhi [India], June 2 (ANI): Tesla, the Elon Musk-owned electric vehicle giant, is not interested in manufacturing in India and is keen on opening showrooms, Union Minister for Heavy Industries HD Kumaraswamy said on Monday. The remarks came amid government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). ' are only to start showrooms. They are not interested in manufacturing in India,' the minister said. Heavy Industry Secretary Kamran Rizvi, however, added 'the real intent we'll know when we open the application'. 'If the company still feels like investing. What the minister sir is telling is about what come and told informally,' he said. The minister added that many European companies like Hyundai, Mercedes Benz, Skoda and Kia have shown interest in manufacturing units in India under the new EV policy. Earlier, there were reports that Tesla was interested in importing Tesla car into India and subsequently sell it through their showrooms in India. Tesla boss Musk had in the past indicated that he was interested in investing in India, but 'high import duty' structures were a bone of contention. Tesla's intention to come into India had intensified after India announced its new EV policy, under which import duty was reduced to 15 per cent and many incentives were provided for setting up manufacturing plant in India. Meanwhile, Elon Musk's father Servotec's Errol Musk, who is in India, appeared keen on Tesla's presence in the country. 'That is something that I have to be careful not to say too much about. Tesla is a public company. It's not you look at India and the population, the kind of people you've got here, the energy and everything and when I hear that, with great respect, BYD and various others are coming in, and Tatas and Mahindra are making great cars, I'm very inclined to say, wait, why aren't we having Teslas here. But I can't say too much. That's just a personal point of view,' he said. He was answering a query about plans for Tesla's presence in India. The central government on Monday notified guidelines for the Scheme to Promote Manufacturing of Electric Passenger Cars in India. The central government approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). The initiative is aligned with India's national goals of achieving net zero by 2070, fostering sustainable mobility, driving economic growth, and reducing environmental impact. It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation. Ministry of Heavy Industries (MHI) has issued a notification regarding detailed guidelines for the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India' (SPMEPCI / the Scheme)MHI had issued the Scheme notification on March 15 2024. The Department of Revenue also issued the notification on March 15, 2024 for reduced import duties in line with the provisions of the Scheme. The Notice for inviting applications under the Scheme is proposed to be notified shortly, whereby the prospective applicants would be able to submit online applications. The scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The Scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of 'Make in India'. To encourage the global manufacturers to invest under the Scheme, the approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of USD 35,000 at reduced customs duty of 15% for a period of 5 years from the Application Approval Date. Approved applicants would be required to make minimum investment of Rs. 4,150 crore in line with the provisions of the scheme. (ANI)
Yahoo
18 hours ago
- Entertainment
- Yahoo
New England Patriots' Pride Month Post Has (Like Clockwork) Triggered A Right-Wing Freak-Out
Some conservatives absolutely lost it on Sunday after the New England Patriots posted an image online to mark the first day of Pride Month. Related: People Are Having Absolute MELTDOWNS Over Sesame Street's Pride Message Advertisement 'We celebrate together,' the NFL team captioned a picture showing the LGBTQ+ pride flag on the big screen at Gillette Stadium in Foxborough, Massachusetts. 'Pride is a sin,' commented one user on X, the Elon Musk-owned platform formerly named Twitter. 'We're so sick of this,' said another. Added a third: 'No we don't. It is Veterans Appreciation Month. I see why Tom Brady left y'all. Disgusting.' SCM Jeans / Getty Images Some claimed to have 'fixed' the image by swapping the pride flag for the Stars and Stripes. Others demanded a boycott of the Patriots, referencing the attempted right-wing cancellation of Bud Light following its partnership with trans activist Dylan Mulvaney. Advertisement Defenders of the post, though, said the hatred exhibited in the comments only served to show exactly why Pride Month, which recognizes the LGBTQ+ community, is so important. The Patriots have yet to respond to the vitriol leveled at the post. But in 2022, after sharing a similar post celebrating Pride Month, it wrote online: 'Our comment section is monitored and there is no room for hate.' This article originally appeared on HuffPost. Looking for more LGBTQ+ or Pride content? Then check out all of BuzzFeed's posts celebrating Pride 2025.
Buzz Feed
18 hours ago
- Politics
- Buzz Feed
New England Patriots Pride Post Right-Wing Freak-Out
Icon Sportswire / Icon Sportswire via Getty Images Some conservatives absolutely lost it on Sunday after the New England Patriots posted an image online to mark the first day of Pride Month. 'We celebrate together,' the NFL team captioned a picture showing the LGBTQ+ pride flag on the big screen at Gillette Stadium in Foxborough, Massachusetts. 'Pride is a sin,' commented one user on X, the Elon Musk-owned platform formerly named Twitter. 'We're so sick of this,' said another. Tom Brady left y'all. Disgusting.' Some claimed to have 'fixed' the image by swapping the pride flag for the Stars and Stripes. Others demanded a boycott of the Patriots, referencing the attempted right-wing cancellation of Bud Light following its partnership with trans activist Dylan Mulvaney. Defenders of the post, though, said the hatred exhibited in the comments only served to show exactly why Pride Month, which recognizes the LGBTQ+ community, is so important. The Patriots have yet to respond to the vitriol leveled at the post. Looking for more LGBTQ+ or Pride content? Then check out all of BuzzFeed's posts celebrating Pride 2025.
