By Denny Jacob


--Tesla Inc. has paused plans to sell electric cars in India, Reuters reported, citing three people familiar with the matter.

--The electric vehicle maker abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, the report said.

--The decision comes after Prime Minister Narendra Modi's government did not offer a concession on tariffs after more than a year of deadlocked talks with government representatives, Reuters reported.

--Strong demand for Tesla's vehicles elsewhere and the standoff over import taxes prompted the company's strategy to shift, the report said.

Full story at


Write to Denny Jacob at


(END) Dow Jones Newswires

May 13, 2022 11:21 ET (15:21 GMT)

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