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Benzinga
Benzinga
World
Navdeep Yadav

Tesla's India Team Shifts Focus To Wider APAC Region Amid Regulatory Woes

India APAC United States Economic Times Nasdaq Tesla Inc. Elon Musk Asia

Tesla Inc (NASDAQ:TSLA) may now be headed to the larger Asia-Pacific (APAC) market as it continues to face regulatory challenges in India, according to an Economic Times report.

What Happened: Elon Musk-led Tesla's India foray has been mired in red tape for a long time. The company has been facing headwinds due to high import duty levied by the Indian government, and it has been lobbying the government to reduce the rates.

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