Tesla executives to come to India for diversification

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According to media reports, a group of senior executives of US EV car giant Tesla Inc is considering a visit to India this week. The purpose of the visit is to hold discussions with government officials and explore opportunities to expand the carmaker’s supply chain outside China. Company officials are scheduled to hold talks with representatives of the Government of India. It also includes officials of Prime Minister Narendra Modi’s office. Local sourcing of components for their mid-range Tesla car models will be a major point of discussion, the sources said on condition of anonymity. Last year, Elon Musk had put on hold plans to enter the Indian market following a long-running standoff with the Indian government over tariff cuts. While these measures are being welcomed.

However, Tesla’s plans in India are still not disclosed. However, the tour does indicate that the company is seeking a stronger presence in the country. It appears that it wants to tap into the fast-growing electric vehicle market in the country. Industry watchers are keen on further developments in this relationship as Tesla looks for opportunities for tie-ups and local partnerships.