Tesla is in discussions with the Indian government to establish a factory in India with a capacity to produce around 500,000 electric vehicles annually.

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The company aims to use India as an export hub for shipping cars to countries in the Indo-Pacific region.

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The starting price for Tesla vehicles in India is expected to be around 2 million rupees ($24,400.66), which is higher than the cheapest EV available in the country.

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Last year, Tesla's entry plans into India were delayed due to the government's refusal to lower import taxes on its cars, which can reach up to 100% on electric vehicles.

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The Indian government is now engaging with Tesla to provide incentives for both local manufacturing and exports.

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Indian Prime Minister Narendra Modi urged Elon Musk to make a significant investment in the country during a recent meeting.

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Tesla, the Indian commerce and industry ministry, and Musk have not commented on the reports.

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The Top 6 Most followed Profiles on Threads

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Tesla plans to produce half a million EVs annually in India

Tesla plans to produce half a million EVs annually in India

Tesla is in discussions with the Indian government to establish a factory in India with a capacity to produce around 500,000 electric vehicles annually.

The company aims to use India as an export hub for shipping cars to countries in the Indo-Pacific region.

The starting price for Tesla vehicles in India is expected to be around 2 million rupees ($24,400.66), which is higher than the cheapest EV available in the country.

Last year, Tesla's entry plans into India were delayed due to the government's refusal to lower import taxes on its cars, which can reach up to 100% on electric vehicles.

The Indian government is now engaging with Tesla to provide incentives for both local manufacturing and exports.

Indian Prime Minister Narendra Modi urged Elon Musk to make a significant investment in the country during a recent meeting.

Tesla, the Indian commerce and industry ministry, and Musk have not commented on the reports.

The Top 6 Most followed Profiles on Threads

The Top 6 Most followed Profiles on Threads

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