Tesla plans to establish an electric vehicle factory and export hub in India.

Tesla plans to build factory in India for $24000

According to the Times of India, which cited official sources, Tesla is now in conversations with the Indian government about an investment proposal to set up a facility capable of producing over 500,000 electric vehicles annually. According to the same article, Tesla is looking at the prospect of using India as a manufacturing base to export automobiles to countries in the Indo-Pacific area under the direction of billionaire Elon Musk. According to the Times of India, which cited official sources, Tesla is now in conversations with the Indian government about an investment proposal to set up a facility capable of producing over 500,000 electric vehicles annually.

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The Indian Commerce and Industry Ministry, which seeks to negotiate a win-win arrangement while guaranteeing fair competition between domestic industry and exports, is reportedly leading the discussions this time. The ministry is attempting to put together a “good deal” that considers Tesla’s participation in the Indian market from both perspectives.

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