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Tesla Entry in India: Elon Musk’s electric vehicle manufacturer Tesla has been making efforts to enter India for a long time. However, due to the strict attitude and conditions of the Central Government, the company has not been able to implement its planning. Now the news has come that Tesla is once again discussing with the Government of India regarding the entry in the Indian market.
Tesla representatives will meet the Union commerce minister in late July
Tesla’s management is likely to meet Commerce Minister Piyush Goyal at the end of July. In this meeting there will be discussion about factory, investment, supply chain. It is believed that according to the Indian market, the possibility of agreement regarding Tesla’s cars and its production can be made in this meeting. According to reports, Tesla has plans to set up a factory in India and make 24,000 cars in it. Regarding this, the management of the company will come to India and discuss with Commerce Minister Piyush Goyal.
Tesla’s EV will be 25 percent cheaper in India
It is being told that the cost of 24,000 EVs that Tesla is planning to manufacture in India will be 25 percent cheaper than its lowest price. In fact, Tesla was asked by the central government to come to India and manufacture its EV locally, although Tesla demanded that the central government reduce the import tax on importing its cars from outside, on which the government refused to give any kind of consent. Now once again the company is trying to move forward in this direction in this meeting to be held at the end of July.
Prime Minister Narendra Modi had a meeting with Elon Musk
Prime Minister of India on recent US visit Narendra Modi After meeting with Tesla owner Elon Musk had said a big thing. According to him, Tesla is considering a big investment in India. Along with this, it was also reported that Elon Musk, the owner of the world’s largest electric car maker, can also visit India in 2024.
What is Tesla’s plan for the factory in India?
Tesla is working on a plan to set up a factory in India to locally manufacture and export low-cost electric vehicles (EVs). The company has also indicated that new vehicles will be made in this factory.
What are the hurdles in Tesla starting a business in India?
Significantly, Tesla wants the tax duty on its imported vehicles and parts to be reduced. While government officials have already made it clear that the electric car manufacturer should start production in India before considering profits.
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