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Tesla Factory In India: Electric vehicle manufacturer Tesla is making vigorous efforts to enter India. News has come that Tesla is in discussion with the Government of India, under which it wants permission to set up a local factory in India. The company’s intention behind this strategic move of Tesla is that it can manufacture electric vehicles in India and provide them at affordable prices.
India’s emerging electric vehicle market will get a boost
According to the Times of India, government sources have said this. Tesla actually has plans to make 5 lakh electric vehicles in India, whose price can start from Rs 20 lakh. If this plan is completed, then it can give a big boost to the emerging electric vehicle market of India. Through local production, Tesla aims to produce cars at an affordable price, so that the entry in India’s bright EV market can be properly cashed and high sales can be achieved in it.
Tesla hopes to get approval to set up plant in India
In May 2023, Tesla showed interest in planning to set up its factory in India. On the other hand, according to the news of TOI, the company has plans to utilize this facility on the basis of export base. It will be exactly like its operations are going on in China. According to the sources, it has also been reported that the Tesla company has expressed confidence that it will get a positive response under this ambitious plan. Due to taking care of local manufacturing and exports, the company is expected to do so. Both Tesla and India will benefit through this local manufacturing base.
Know how the deal can be beneficial for Tesla and India
For Tesla, this is an attempt to get a share in the world’s fastest growing market, in which the demand for EVs is continuously increasing. While in the same way for India, it will show a new step towards making the country a global manufacturing hub.
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