Mukesh Ambani’s Reliance may bring Elon Musk's Tesla to India? Talks ‘at initial stage’
8 months, 1 week ago

Mukesh Ambani’s Reliance may bring Elon Musk's Tesla to India? Talks ‘at initial stage’

Hindustan Times  

Tesla might be looking for a local partner to set up its operations in India, a report claimed. The Hindu Business Line reported citing people in the know that Tesla is in talks with Reliance Industries for a possible joint venture to build the manufacturing facility in India. “While the role of RIL hasn’t been crystalised yet, it is expected that the Indian conglomerate may play a significant hand in establishing the manufacturing facility and the allied ecosystem for Tesla in India,” another source said as per the report. Tesla has committed $2 billion to its upcoming plans in India and has been looking at multiple locations, including Gujarat and Maharashtra, for setting up the plant, the report claimed. Senior officials of Tesla are expected to visit India to finalise the plant location in a month or so and finalised the joint venture with Reliance, the report added.

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