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Tesla is set to open its first showroom in Mumbai next week, marking its entry into the world's 3rd-largest car market despite CEO Elon Musk's complaints about high import tariffs.
Despite Tesla’s tremendous brand image and Musk being one of the most influential figures on the planet, he may struggle to compete in India’s EV market.
His visit comes weeks after Indian govt announced a new electric vehicle policy to attract major global players like US-based Tesla, of which Musk is CEO.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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