Photo Credits: Khaleej Times
According to official sources cited by the Times of India on Thursday, Tesla is debating an investment proposal with the Indian government to build a facility producing roughly 500,000 electric vehicles annually.
According to the article, the business, which billionaire Elon Musk runs, is also considering utilizing India as an export hub to send automobiles to nations in the Indo-Pacific area.
According to the source, the vehicles’ starting price will be Rs 2 million ($24,400.66), which is more than twice as expensive as India’s least expensive EV, the MG Comet, and half as expensive as Tata Nexon EV, the top-selling electric vehicle in the nation.
Tesla’s efforts to enter India last year stopped after the government refused to reduce import levies on the company’s vehicles. The nation imposes an import tariff of up to 100% on electric automobiles.
India was eager for Tesla to start producing cars there, but the company claimed it wanted to export its vehicles there first to gauge the level of interest.
