DelhiDesk: Tesla has reportedly expressed interest in setting up an electric vehicle manufacturing facility in India, reviving its efforts to enter the Indian EV market. The company intends to manufacture electric cars locally, which will also be exported to Asian and other markets. The move is seen as part of Tesla’s efforts to diversify beyond China, its biggest market outside the US, amid rising tensions between the US and China. The new development comes nearly a year after Tesla CEO Elon Musk practically called off his India plans. No information has been provided on the location of the proposed facility or the investment Tesla will put in.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 Tesla has revived its efforts to enter the Indian EV market by offering to set up a manufacturing facility in the country.
👉 The purpose of the proposed India Gigafactory will be to manufacture electric cars locally, which will also be used for export to Asian and other markets.
👉 Rising tensions between the US and China have pushed many carmakers, including Tesla, to look for new locations for EV business in the future.
👉 India could be an alternative market for EV business where the government is keen to promote local manufacturing.
👉 Earlier, Union minister Nitin Gadkari had advised Tesla to set up a local manufacturing plant if it wanted to sell EVs in India, which was declined by Elon Musk.
👉 Tesla officials who met with PMO officials did not raise the matter of reducing import duties in the meeting.
👉 This move by Tesla is seen as part of its efforts to diversify beyond China, its biggest market outside the US.
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