Tesla is in discussions with the Indian government about establishing a manufacturing site in the country. The company is reportedly looking to invest heavily in India and make it a global export hub for its electric vehicles.
Last year, Tesla sought special incentives from the Indian government to import its vehicles into the country. However, the company has now changed its plans and is looking to manufacture its vehicles locally.
This change in strategy is likely due to a high-level meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi in the US last month. After the meeting, Musk said that Modi was pushing Tesla to invest heavily in India.
Tesla’s plans for India are in line with the government’s “Make in India” initiative. The company is reportedly looking to produce 500,000 vehicles per year in India, with a starting price of around Rs. 20 lakh. If Tesla is able to achieve its production goals, it would be a major boost for the Indian automotive industry. The company’s investment would also create thousands of jobs in the country.
In addition to manufacturing vehicles, Tesla is also looking to invest in India’s charging infrastructure. The company is reportedly planning to build a network of Superchargers across the country. Tesla’s entry into India would be a major development for the electric vehicle market in the country. The company’s arrival would help to accelerate the adoption of electric vehicles in India.
2023-07-17 04:54:17
