Tesla (TSLA) has been pushing the government in India for more than a year to be allowed to sell electric vehicles locally imported from production hubs in the United States and China at lower tariffs.
The Indian government has been steadfast in its demand that Tesla commit to building a local manufacturing hub before it would drop the high tariff rate.
Tesla (TSLA) has not officially commented on its plans for India, where it was recently still looking for real estate options in New Delhi, Mumbai and Bengaluru to build service centers and dealer showrooms.
Shares of Tesla (TSLA) moved up 6.85% in premarket trading on Friday to $777.84
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