This is a significant development, as Tesla has been hesitant to enter the Indian market due to high import duties and other challenges. However, the company seems to be more optimistic about the Indian market now, and is reportedly in talks with the government to finalize a deal.
If Tesla is able to set up a factory in India, it would be a major boost for the country's electric vehicle industry. It would also make Tesla's cars more affordable for Indian consumers, and help to accelerate the adoption of electric vehicles in India.
Here is more information about Tesla's India plans :
The company is reportedly looking to set up a factory in the southern state of Karnataka.
The factory would have an annual production capacity of 500,000 vehicles.
Tesla is also considering using India as an export hub for its electric cars.
The company has not yet finalized a deal with the government, but talks are reportedly progressing well.
If Tesla is able to set up a factory in India, it would be a major coup for the company. India is one of the world's largest and fastest-growing markets for electric vehicles, and Tesla would be able to tap into this growing demand.
The factory would also create thousands of jobs in India, and help to boost the country's manufacturing sector. It would also help to make Tesla's cars more affordable for Indian consumers, and help to accelerate the adoption of electric vehicles in India.