Tesla, the American electric vehicle manufacturer seems in discussions with the Indian government about investing in the country. Tesla and the Indian government are still talking about an investment and they will be able to accomplish an agreement. Tesla CEO Elon Musk has expressed his interest in India to start this project.
If Tesla does invest in India, it would be a major change to see in the electric vehicle industry. It will need to ensure that the controlled environment is favourable for electric vehicles. Tesla's products would be in high demand in India.
Tesla's factory in India would likely produce the Model 3 and Model Y electric vehicles. Senior officials from Tesla and Invest India met to discuss plans for setting up a manufacturing plant for electric vehicles in India.
Tesla India Motors and Energy Private Limited has leased an office space of 5,850 square feet on the first floor of B wing in the under-construction Panchshil Business Park, according to data analytics company CRE Matrix.
Tesla has hinted that it could produce up to 500,000 electric vehicles (EVs) annually in India, with prices starting at ₹20 lakh. Earlier in May, Tesla proposed setting up a factory in India to build its EVs for both domestic sale and export.