The EV manufacturer is reportedly nearing a deal with the Indian government to establish its presence in the country.
22 Nov 2023 | 11444 Views | By Autocar India News Desk
It seems like Tesla may be able to sell its cars in India via the CBU route, and produce Tesla cars in India at a later date. The Indian government and Tesla are said to be close to reaching an agreement that will not only allow the US EV maker to ...
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It seems like Tesla may be able to sell its cars in India via the CBU route, and produce Tesla cars in India at a later date. The Indian government and Tesla are said to be close to reaching an agreement that will not only allow the US EV maker to sell models made overseas but also set up a manufacturing plant in India.
While talks between Tesla and the Indian government had stalled last year, they reopened negotiations in May this year. According to sources familiar with the Indian government, the new agreement could see Teslas sold in India by next year, with the carmaker churning out Indian-made cars from its new plant within the next two years.
Sources tell us that an announcement regarding the same is expected at the Vibrant Gujarat Global Summit, which is scheduled to take place from January 10-12, 2024. At the moment, Gujarat, Maharashtra and Tamil Nadu are being considered for the factory as these three states have relatively well-developed ecosystems for making EVs and aiding in their export.
While no final decision has been made and the above mentioned plans could change, Tesla CEO Elon Musk had said in June that the company plans to make a "significant investment" in India; he also intends visiting the country in 2024. A report by Reuters had also showed that the brand is looking to make and sell battery storage systems in India, and it had even submitted a proposal to Indian officials seeking incentives to build the Powerwall battery storage factory.
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