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Tesla Car in India: India is becoming a big market for electric vehicles. Let us tell you that Tesla company has been eyeing the Indian market for a long time. India is an emerging market and the consumption of electric vehicles is increasing rapidly here. Tesla is reportedly in talks with the Indian government to capitalize on this opportunity. According to the information, Tesla is preparing to invest 30 billion dollars in the Indian market in the next five years.
India is becoming a big market for electric vehicles. Let us tell you that Tesla company has been eyeing the Indian market for a long time. India is an emerging market and the consumption of electric vehicles is increasing rapidly here. Tesla is reportedly in talks with the Indian government to capitalize on this opportunity. According to the information, Tesla is preparing to invest 30 billion dollars in the Indian market in the next five years. Let us tell you that preparations are going on to bring a new EV policy in India.
Are you preparing to set up a production plant?
According to the information, Tesla can set up an Indian plant to produce a new small car for developing countries, and for this, direct and immediate investment of $ 3 billion, $ 10 billion from other partners to support this manufacturing business. The commitment could add a cumulative $15 billion to the battery industry ecosystem over a five-year period.
If the new EV policy meets Tesla’s demand for relaxation in the current structure of import duties for foreign-made EVs, the company will be the first to compete in the Indian luxury car market as it begins building and testing a charging ecosystem, the people said. Is planning to bring some of its standard brands. Also, Tesla may invest in a factory in India to launch the first small car within two years and complete the facility within three years. The price of the car has not been determined, but it is likely to be a cheaper model than the normal Tesla to meet the demands of countries in Asia, Africa, and Latin America. This factory, with a high level of made-in-India content, can partially meet the needs of the Indian market and focus largely on exports.
