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Tesla Start Searching Sites to Build EV Manufacturing Facility in India

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Tesla Start Searching Site to Build EV Manufacturing Facility in India

As per the reports of Financial Times, the World’s Biggest EV manufacturing company Tesla Inc. will start searching sites to build its EV manufacturing facility in India. This is remarkable moment is the result of the reformed EV policy of the Indian Government. It is expected that Elon Musk’s Tesla Inc. will send its site researching team to India in the month of April. This multi-billion dollar project will surely transform the electric vehicle sector in India. Tesla Inc. is a renowned and largest electric vehicle manufacturer in the world and currently, it is offering performance-oriented and tech-advanced electric vehicles like Cybertruck, Tesla Roadster, Tesla Model X, etc.

Tesla Start Searching Sites to Build EV Manufacturing Facility in India

Tesla Will Send its Team to Search Site for EV Manufacturing Facility in India

 Financial Times via news agency Reuters has stated that Tesla is planning to send its team to start searching sites to build EV manufacturing facility in India in late April 2024. As we know the Indian Government has introduced a New EV Policy in the year 2024. Under the New EV policy, the Indian Government will provide lower import duty to the EV manufacturers who are committing to invest the minimum amount of USD 500 million to set up their EV manufacturing facility in India. Currently World’s largest EV company Tesla Inc. is not offering its products and services. Indian buyers of Tesla electric cars import their vehicles from other countries. Tesla’s site searching news is a very good sign for the future of the Indian EV market.

Tesla Coming to India?

Gujarat, Maharashtra, and Tamil Nadu are on the List of Tesla Inc. for EV Facility

 Tesla’s site-searching team will focus in the states of Gujarat, Maharashtra, and Tamil Nadu as favorable sites for setting up EV manufacturing plant in India. Tesla’s CEO Elon Musk met Indian Prime Minister Narendra Modi in the year 2023 and said “It was excellent and a very good conversation and I am confident Tesla will be in India and will do so as soon as humanly possible”. In another statement, Tesla has also said that it is interested in building a factory in India to produce electric vehicles priced at $24,000.

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