America's largest electric car manufacturer Tesla (Tesla) cars have been waiting for a long time. But now this wait may end soon. Tesla has started discussions with the Center on an investment proposal to set up a car factory with an annual capacity of 5,00,000 electric vehicles (EVs) in the country. A media report has given this information on Thursday.
how much will it cost?
The report states that the prices of Tesla's electric vehicles in the Indian market will start from Rs 20 lakh ($24,400.66).
The billionaire Elon Musk-led company is also considering using India as an export base as it plans to ship cars to countries in the Indo-Pacific region, the report said, citing government sources. Reuters requested Tesla for comment, which did not immediately respond to Tesla.
Tesla changed strategy
The discussions with the Indian government show a change in strategy for the American electric carmaker. Last year, talks stalled after the Indian government refused to agree to Tesla's request seeking lower import taxes on cars. India wanted Tesla to manufacture vehicles locally, but the company said it wanted to export its cars first so that it could assess demand for its cars.
Discussion with the Government of India
In a new attempt to break into the domestic market with a change of stance, Tesla discussed with officials in May government incentives for car and battery manufacturing, Reuters reported.
Discussion with PM Modi
In a meeting with Musk last month, Indian Prime Minister Narendra Modi implored the carmaker to make "significant investments" in the country.
Musk said after meeting Modi that India has strong potential for a sustainable energy future, including solar power, stationary battery packs, and electric vehicles. Along with this, Musk is also expected to bring SpaceX's Starlink satellite internet service to the country.
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