Tesla intends to build a new factory in India

May 19, 2023
According to recent reports, the maker of electric cars has submitted a new factory proposal to the Indian government.

Tesla in India

Tesla, the American electric vehicle manufacturer, is reportedly planning to establish a manufacturing facility in India. There has been no word on the amount of investment or the location of the factory.

Tesla intends to enter India's rapidly growing EV market. However, its plans were previously cancelled due to a tariff dispute with the government. Another issue was that Tesla was not permitted to import Chinese-made vehicles.

Recent Reports

According to reports, Tesla's top executives were in India this week to discuss regional part sourcing with government officials. According to reports, the team also met with Prime Minister's Office officials. There has been no word on the amount of investment or the location of the factory.

India has the world's third-largest automobile market. Government subsidies have resulted in a massive increase in the overall number of EV buyers. Although not as widespread as in the United States or Europe, the charging network is rapidly expanding.

Info Source:  Auto News

About the author, Sunderdeep Singh

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