Tesla CEO Elon Musk is scheduled to visit New Delhi, India, in the week of April 22 for a meeting with Prime Minister Narendra Modi. The agenda for the high-profile meeting includes discussions on potential investments and the possibility of setting up a Tesla manufacturing facility in India. This initiative is part of Tesla’s strategy […]
Tesla looks to send a scouting team to India this month to explore locations for a potential electric car manufacturing plant, with investments estimated between $2 billion and $3 billion, revealed two individuals with direct knowledge of the company’s plans, according to the Financial Times. This move aligns with India’s recent policy adjustments aimed at […]
India, in a strategic move to boost electric vehicle (EV) manufacturing within its borders, announced on Friday a reduction in import taxes for EVs. This policy adjustment is contingent on automakers committing to an investment of at least $500 million and starting local production within three years. The move significantly benefits Tesla, aligning with the […]
SpaceX’s Starlink satellite internet service is poised to receive approval from Indian authorities for offering space broadband services. The nod, expected in the “next few days” or by the end of the month, follows Starlink’s clarification to India’s Department for Promotion of Industry & Internal Trade (DPIIT) regarding its shareholding pattern, reports the Economic Times. […]
Unnamed Indian government officials, who are familiar with ongoing discussions, have revealed that the country is contemplating Tesla’s request for lower tariffs on imported electric vehicles. This consideration aligns with Tesla’s exploration of establishing a manufacturing plant in the country, reports The Financial Times. According to two officials knowledgeable about the matter, Tesla has approached […]
In a significant development for Tesla’s expansion plans, Commerce Minister Piyush Goyal of India is scheduled to meet with Tesla CEO Elon Musk in the United States next week. Sources familiar with the matter indicate that the meeting aims to advance Tesla’s entry into the South Asian market, reports Reuters. This high-profile meeting follows Musk’s […]
Ahead of the Vibrant Gujarat Global Summit (VGGS) 2024, the Gujarat government is actively working to attract electric car giant Tesla to the state. According to top government sources, discussions with Tesla are in the early stages, and the state is coordinating with the central government to potentially bring the project to the Sanand-Bechraji region […]
Tesla has submitted plans to Indian officials for the construction of a battery storage factory in the country, according to sources familiar with the matter, reports Reuters. The proposal comes as Tesla is also in discussions with the Indian government about setting up an electric vehicle (EV) factory to produce a $24,000 car, overseen directly […]
Tesla aims to source components worth between $1.7 and $1.9 billion from India, according to India’s Union Trade Minister Piyush Goyal. Speaking at the 63rd Annual Session of the Automobile Component Manufacturers Association of India, Goyal revealed that Tesla had already procured parts worth $1 billion last year from Indian suppliers, reports Mint. The announcement […]
Tesla has recently secured office space in Pune’s Viman Nagar, as the company’s top executives continue to meet with Indian government officials to discuss the possibility of entering the Indian market. According to documents accessed through CRE Matrix, Tesla India Motor & Energy has leased an office spread over 5,850 square feet in a coworking […]
Tesla is preparing to hold discussions with India’s commerce minister this month regarding potential plans to establish a factory in the country. This facility would produce a new, low-cost electric vehicle (EV) priced at $24,000, according to an individual familiar with the matter, reports Reuters. The person disclosed that Tesla expressed interest in constructing an […]
Tesla has opened discussions with the Indian government. The conversation revolves around a proposal to establish a car factory in India with an annual capacity of producing up to 500,000 electric vehicles, reports Times of India. These vehicles would have a reported starting price of Rs 20 lakh ($24,380 USD), making them an accessible option […]
In a recent development, Karnataka’s Industries Minister, MB Patil, has extended an official invitation to Tesla, to establish its factory in the southern state of India. This move comes on the heels of Tesla’s CEO, Elon Musk, expressing an interest in investing in India after a meeting with Prime Minister Narendra Modi in the U.S. […]
Tesla CEO Elon Musk announced on Tuesday that the electric carmaker is planning to invest in India as soon as possible. Musk’s statement came after a meeting with Indian Prime Minister Narendra Modi in New York during the latter’s state visit to the U.S., reports Reuters. Musk expressed his confidence in Tesla’s future in India […]
Tesla has reportedly put forward a proposal to Indian government officials to establish a factory in the country on Wednesday. The facility would be used to manufacture electric vehicles for both domestic and international markets, according to a source with direct knowledge of the matter, reports Reuters. This move comes after a stalemate last year […]
