After years of discussions, Tesla is now on the brink of making a significant move into the Indian market. Recently, the electric vehicle giant engaged in talks with Invest India, signaling a new level of seriousness in their endeavors.
The prolonged delays in the past were primarily due to India's insistence on Tesla setting up a production facility within the country. Tesla, on the other hand, was keen on testing the demand through imports. However, India's high import duties and a lack of enthusiasm in easing regulations posed obstacles to the process.
In the last couple of months, significant strides have been made in reaching a deal between Tesla and India. Talks have already included plans for a factory that will manufacture a compact electric vehicle priced at $24,000. This factory would cater to both domestic customers and serve as an export hub to other countries.
Join the Tesery family. Let's electrify the future together.
Recent developments indicate that progress is gaining momentum, as Tesla executives Rohan Patel and Roshan Thomas met with Invest India CEO Nivruti Rai in New Delhi. The meeting aimed to discuss the remaining details that need to be resolved before the factory construction can begin.
Reuters, the first to report on this meeting, highlighted that several Indian states are vying to host Tesla's upcoming factory. However, certain federal-level matters still need ironing out before the final location can be confirmed.
In the past, Tesla has been linked to potential locations in India, with Maharashtra and Karnataka being among the candidates. As the discussions move forward, the Indian market eagerly anticipates Tesla's official entry, which is poised to reshape the country's automotive landscape. Stay tuned for more updates on Tesla's momentous journey into India.
