Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk
2 years, 7 months ago

Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk

The Hindu  

American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, company founder and chief executive Elon Musk has said. In a tweet responding to a user asking about Tesla setting up a manufacturing plant in India, he said, "Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars." Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars — Elon Musk May 27, 2022 Last month, Union Road Transport and Highways Minister Nitin Gadkari had said if Tesla was ready to manufacture its electric vehicles in India then there was 'no problem' but the company must not import cars from China. In August last year, Mr. Musk had said Tesla may set up a manufacturing unit in India if it first succeeds with imported vehicles in the country.

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History of this topic

Elon Musk's Tesla seeks showroom space in New Delhi, may be rethinking Indian market entry
1 month ago

Elon Musk's Tesla seeks showroom space in New Delhi, may be rethinking Indian market entry

Firstpost  

Recent policy changes by the Indian government, aimed at attracting global automakers, could allow Tesla to import certain EVs at a reduced 15% tax rate if it commits to local investments Tesla is reportedly seeking a 3,000 to 5,000 square foot space for a consumer experience centre, along with a larger facility for vehicle deliveries and service operations. Image Credit: …

Elon Musk's Tesla resumes hunt for New Delhi showroom with DLF: Report
1 month ago

Elon Musk's Tesla resumes hunt for New Delhi showroom with DLF: Report

India Today  

Elon Musk's Tesla has resumed its search for showroom space in New Delhi, signaling a renewed interest in the Indian market after halting investment plans earlier this year, reported news agency Reuters. Tesla, which paused its expansion efforts in India for months, is now considering sites like DLF’s Avenue Mall in southern Delhi and the Cyber Hub in Gurugram. Avenue …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
1 month, 2 weeks ago

India to expand EV policy for other automakers after Tesla doesn't turn up: Report

Hindustan Times  

The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the …

Is Tesla a better opportunity than Indian automakers?
1 month, 2 weeks ago

Is Tesla a better opportunity than Indian automakers?

Live Mint  

Tesla Inc. shares have gained 59% since its 23 October earnings date. Speaking on Tesla’s third-quarter earnings call, Musk said full autonomy would become a reality with the company’s existing product lineup in 2025. Tesla vs. Indian automakers Although a Tesla versus major Indian carmakers may not be an apples-to-apples comparison, here’s a look at how it stacks up: View …

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers
2 months ago

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers

Firstpost  

Under the current Scheme to Promote Manufacturing of Electric Passenger Cars in India, companies can import electric vehicles at reduced customs duties if they commit to certain investment and localisation targets Currently, eligible companies are allowed to import EVs costing $35,000 or more at a reduced customs duty rate of 15 per cent, compared to much higher regular rates. Image …

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?
2 months, 1 week ago

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

Live Mint  

After Donald Trump was declared the new President of the United States of America, shares of Elon Musk's companies began soaring based on the tech billionaire's close association with the Republican nominee's presidential campaign, according to an AFP report. Musk Role In Trump Office In previous indications on the matter, Musk has claimed that he can chop off around $2 …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
5 months ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in the country within …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
5 months ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
5 months ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. To woo automakers like Tesla while also protecting domestic …

Elon Musk stops contact with India over investment as Tesla faces capital crisis: Report
6 months, 1 week ago

Elon Musk stops contact with India over investment as Tesla faces capital crisis: Report

Hindustan Times  

Elon Musk is not expected to move forward with Tesla investment in India any time soon as exectutives from the electric carmaker have stopped contacted officials in the country, Bloomberg reported citing people in know. The report claimed that Elon Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India …

Elon Musk Owned Tesla Inc Files Trademark Infringement Complaint Delhi High Court Against Gurugram Based Tesla Power India Private Limited EV
8 months, 1 week ago

Elon Musk Owned Tesla Inc Files Trademark Infringement Complaint Delhi High Court Against Gurugram Based Tesla Power India Private Limited EV

ABP News  

The Delhi High Court has issued a summon against Gurugram-based company Tesla Power India Private Limited after Tesla Inc. owned by Elon Musk filed a case of trademark infringement and unfair trade practices against it. The global automotive giant Tesla Inc. moved Delhi High Court following the use of the TESLA trademark by Tesla Power India and their announcement that …

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk
8 months, 3 weeks ago

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk

Firstpost  

Tesla is planning to make newer, cheaper EVs on its existing production lines. CEO Elon Musk responded to the Reuters report on X, dismissing it as a “lie.” On Tuesday, Tesla discussed new models that appeared to differ from the Model 2, without directly addressing the Reuters report. In January, Musk announced Tesla’s plans to start making a cheaper new …

Tesla to focus on low-cost cars: No India, Mexico factory plans now?
8 months, 3 weeks ago

Tesla to focus on low-cost cars: No India, Mexico factory plans now?

Hindustan Times  

Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. "I think it's a positive that he's not just barreling ahead with an expansion plan, ignoring the challenges in the market and …

Elon Musk delays India visit due to very heavy Tesla obligations
8 months, 3 weeks ago

Elon Musk delays India visit due to very heavy Tesla obligations

Deccan Chronicle  

Tesla CEO Elon Musk has delayed his trip to India. In a post replying to a news report that cited the delay of his India Trip, Elon Musk posted on X "Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year. "Musk was also expected …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months, 3 weeks ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Tesla, Starlink entry on agenda when Musk heads to India
8 months, 4 weeks ago

Tesla, Starlink entry on agenda when Musk heads to India

New Indian Express  

MUMBAI: Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations. Also likely to be on the agenda for the self-described "free speech absolutist" is the large number of content takedown …

Elon Musk likely to unveil $2-$3 billion India investment during visit, sources say
8 months, 4 weeks ago

Elon Musk likely to unveil $2-$3 billion India investment during visit, sources say

The Hindu  

Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, two sources familiar with the discussions said. Details of Mr. Musk's India visit are closely-guarded, with the CEO only publicly confirming on his social media platform …

Elon Musk likely to announce $2-$3 billion India investment during visit: Report
8 months, 4 weeks ago

Elon Musk likely to announce $2-$3 billion India investment during visit: Report

Hindustan Times  

Tesla CEO Elon Musk, who is scheduled to visit India next week, is likely to announce an investment worth $2-$3 billion, news agency Reuters reported citing the sources familiar with the development. India's Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk during their meeting in New York City in 2023. Read here: Elon Musk's India visit: …

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees
8 months, 4 weeks ago

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees

ABP News  

Tesla, the Elon Musk-owned electric vehicle major, has recently disclosed plans to reduce its workforce globally by over 10 per cent, as reported by electrek.com, based on an internal memo shared by Musk with employees. What Musk Said Elon Musk has communicated through an internal memo that the company needs to enhance productivity and cut costs to gear up for …

Tesla scouts for its first India showroom locations
8 months, 4 weeks ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

'Elon Musk being Modi supporter is one thing, but…': PM on Tesla chief's India visit
8 months, 4 weeks ago

'Elon Musk being Modi supporter is one thing, but…': PM on Tesla chief's India visit

Hindustan Times  

Ahead of Tesla chief Elon Musk's visit to India, Prime Minister Narendra Modi said that the world's richest billionaire is a “supporter of India”. Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk In an interview with ANI broadcasted on Monday, PM Modi, when asked about the possibility of seeing Tesla cars and Starlink in India, remarked, …

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report
9 months ago

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report

India TV News  

Washington: Ahead of Tesla CEO Elon Musk's visit to India, the US electric carmaker is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions told news agency Reuters. India last month cut electric vehicle import taxes to 15% from as much as …

'Doesn't matter who invests money, Indian youths should get employment': PM Modi on Elon Musk's Tesla entry
9 months ago

'Doesn't matter who invests money, Indian youths should get employment': PM Modi on Elon Musk's Tesla entry

India TV News  

New Delhi: Prime Minister Narendra Modi, during an interview with a news agency, asserted he wants American electric car manufacturer, Tesla to invest in India but with a condition that it should provide employment opportunities to Indian youths. Why employment opportunities are crucial for India Notably, Modi's response came days after the Institute for Human Development and International Labour Organisation …

Not just Tesla, Elon Musk's India visit may also bring Starlink announcement
9 months ago

Not just Tesla, Elon Musk's India visit may also bring Starlink announcement

Hindustan Times  

Tesla CEO Elon Musk's upcoming visit to India has sparked speculations of the electric car company's entry into Indian markets soon. While it sparked rumours that Tesla's plans for India may be revealed this month, speculations on the potential entry of Musk's Starlink network in the country were also there. Elon Musk's Starlink threw its hat in the ring for …

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report
9 months ago

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report

India Today  

The Tamil Nadu government is set to aggressively market the state as a potential manufacturing site for global electric vehicles giant Tesla ahead of Elon Musk’s visit to India, reported Bloomberg News. Tamil Nadu’s Minister for Industries, Investment Promotion & Commerce TRB Rajaa told the publication that the state “will be pitching for all opportunities of electric vehicle manufacturing from …

TS eyeing Tesla project, Sridhar Babu welcomes Musk to state
9 months ago

TS eyeing Tesla project, Sridhar Babu welcomes Musk to state

Deccan Chronicle  

Hyderabad: Even as Tesla CEO Elon Musk confirmed his visit to India later this month, Telangana, which has been chasing Tesla project has welcomed the billionaire to the state. "Telangana with it's Industry friendly policy, is working with a progressive and futuristic vision by creating a world class Infrastructure and hassle free permissions system to enable best in class companies …

Tesla CEO Elon Musk to visit India this month; to meet PM
9 months ago

Tesla CEO Elon Musk to visit India this month; to meet PM

Deccan Chronicle  

New Delhi: American electric car maker Tesla CEO Elon Musk is visiting India later this month to meet Prime Minister Narendra Modi and is likely to announce the company's investment plans in the country, according to sources.Musk, who has described as a 'natural progression' to provide Tesla electric vehicles in India, is likely to be accompanied by other company executives …

Tesla CEO Elon Musk to visit India this month; to meet PM Modi
9 months ago

Tesla CEO Elon Musk to visit India this month; to meet PM Modi

The Hindu  

American electric car maker Tesla CEO Elon Musk is visiting India later this month to meet Prime Minister Narendra Modi and is likely to announce the company's investment plans in the country, according to sources. In June last year, Mr. Musk met with Mr. Modi during the latter's US visit and stated that he planned to visit India in 2024 …

Elon Musk to meet PM Modi in April, announce investment plans in India: Report
9 months ago

Elon Musk to meet PM Modi in April, announce investment plans in India: Report

Hindustan Times  

Tesla CEO Elon Musk will visit India this month to meet PM Narendra Modi. He is also expected to make an announcement related to investment plans in the country and opening a new factory, news agency Reuters reported citing people in the know. “Talks are at initial stages and have been ongoing for over a month,” a person aware of …

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

PM Modi to meet Elon Musk this month, Tesla CEO says 'Looking forward to it'
9 months ago

PM Modi to meet Elon Musk this month, Tesla CEO says 'Looking forward to it'

India Today  

Tesla founder and CEO Elon Musk is planning to visit India later this month to meet Prime Minister Narendra Modi. The electric vehicle manufacturing giant is in the initial stages of talks with Reliance Industries Limited to form a joint venture to build a manufacturing plant in India, reported The Hindu BusinessLine quoting sources. It's a natural progression to provide …

Elon Musk’s major update on when Tesla electric vehicles are coming to India
9 months ago

Elon Musk’s major update on when Tesla electric vehicles are coming to India

Hindustan Times  

Tesla CEO Elon Musk said that it will be a natural progression for his company to provide electric vehicles in India. Elon Musk gave a major update on when Tesla vehicles will come into India. What reports claimed on Tesla searching for a location for India factory It was reported that Maharashtra and Gujarat extended land offers to Tesla for …

Tesla begins hunt for sites to build car factory in India: Report
9 months, 1 week ago

Tesla begins hunt for sites to build car factory in India: Report

India Today  

Tesla is looking to set up a big factory in India and is sending over a team to scout for possible locations, reported The Financial Times. Last month, India decided to lower the taxes on some electric cars made by companies that agree to invest at least Rs 3,700 crore and start making cars in India within three years. But …

Tesla: Red carpet welcome in India?
9 months, 4 weeks ago

Tesla: Red carpet welcome in India?

Live Mint  

India has announced a policy for electric vehicles that lowers the import duty for foreign-made EVs brought in by overseas auto majors. They’ll be allowed to import annually up to 8,000 EVs valued at $35,000 or more at a reduced import duty of 15% for five years, provided they invest at least $500 million in local manufacturing over the next …

India Approves EV Policy to Attract Global Players
9 months, 4 weeks ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Union Govt approves electric vehicle policy to make India a EV manufacturing hub
9 months, 4 weeks ago

Union Govt approves electric vehicle policy to make India a EV manufacturing hub

Op India  

In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles, the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. The overarching objective of the newly approved E-Vehicle Policy is to facilitate the manufacturing of EVs in India, thereby providing …

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?
9 months, 4 weeks ago

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?

Hindustan Times  

Centre on Friday approved a new policy for electric vehicles which offers duty concessions on imported cars to companies that invest at least USD 500 million to set up manufacturing units in India. Over recent months, Tesla representatives visited India frequently, and CEO Elon Musk even met Prime Minister Narendra Modi last year. 'No special treatment to Tesla' Recently, commerce …

India's EV import tax reduction policy signals victory for Tesla and global automakers
10 months ago

India's EV import tax reduction policy signals victory for Tesla and global automakers

India TV News  

India announced plans to reduce import taxes on specific electric vehicles, contingent on companies investing a minimum of $500 million and establishing a manufacturing plant within three years, signalling a significant policy pivot. Beyond Tesla While Tesla stood to benefit significantly from the policy, it also paved the way for other global automakers to tap into India's automotive market, the …

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker
10 months, 3 weeks ago

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker

Hindustan Times  

Months after expressing interest in entering the Indian market, billionaire Elon Musk-led Tesla may be making its way to the country as the central government is in the process to finalise its policy to extend concessional import duty, reported The Economic Times. Tesla founder Elon Musk with Prime Minister Narendra Modi Tesla is now on the verge of entering the …

Tesla soon in India, government close to finalising concession on import duties for EVs
10 months, 4 weeks ago

Tesla soon in India, government close to finalising concession on import duties for EVs

Firstpost  

Tesla, the prominent US-based electric automaker, may soon establish its presence in India, with the government nearing the finalisation of a policy to extend concessional import duties on electric cars valued above Rs 30 lakh for 2-3 years, suggests a report by The Economic Times. Sources familiar with the matter disclosed that the reduced import duties could be provided by …

Tesla makes big plans for India: May set up factory, make new car for developing nations
1 year ago

Tesla makes big plans for India: May set up factory, make new car for developing nations

Hindustan Times  

As India moves closer to drafting a new electric vehicles policy, Tesla is in advanced talks to make an entry into the country and may be open to committing nearly $30 billion in investments, directly and indirectly, over the next five years in a manufacturing plant, and battery ecosystem and ancillary industries, people closely involved with the company’s official business …

As Elon Musk skips out on Vibrant Gujarat Summit, what next for Tesla's future in India?
1 year ago

As Elon Musk skips out on Vibrant Gujarat Summit, what next for Tesla's future in India?

Hindustan Times  

Amid major speculations surrounding the announcement of a new Tesla plant in Gujarat during the ongoing Vibrant Gujarat Global Summit 2024, government officials confirmed that Elon Musk will not be in attendance of the event. Tesla CEO Elon Musk did not attend the Vibrant Gujarat Summit Managing Director of Gujarat Industrial Development Corporation Rahul Gupta confirmed on Wednesday that Tesla …

Elon Musk's Tesla to set up its first India factory in Gujarat, announcement likely during Vibrant Gujarat event
1 year ago

Elon Musk's Tesla to set up its first India factory in Gujarat, announcement likely during Vibrant Gujarat event

Live Mint  

Tesla is finalizing negotiations for its first manufacturing plant in Gujarat, India, with the announcement expected at the Vibrant Gujarat Summit in January 2024. The announcement related to the Tesla manufacturing unit in the state is likely to take place in the upcoming Vibrant Gujarat Summit, going to be held in January 2024, reported Ahmedabad Mirror. Recently, Gujarat Health Minister …

Tesla's first India manufacturing plant likely to be set up in Gujarat: Report
1 year ago

Tesla's first India manufacturing plant likely to be set up in Gujarat: Report

India Today  

Electric vehicle manufacturing giant Tesla is likely to establish its first local India manufacturing plant in Gujarat, reported Ahmedabad Mirror. As per the report, Gujarat's strategic advantages, including its favourable business environment and strategic location, have positioned it as the preferred destination for Tesla's manufacturing endeavours. While the government’s official stance is that no subsidy will be provided on imports …

Tata Motors lobbies India not to lower EV import taxes as Tesla looms: Report
1 year, 1 month ago

Tata Motors lobbies India not to lower EV import taxes as Tesla looms: Report

Live Mint  

Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said. As India tries to boost domestic manufacturing and electric vehicle adoption, Tesla is proposing to set up an Indian factory but …

Will never give company-specific incentives in EV sector, govt. official on Tesla's demand
1 year, 1 month ago

Will never give company-specific incentives in EV sector, govt. official on Tesla's demand

The Hindu  

India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. The official added that inter-Ministerial discussions have happened on the customs duty concession demand of the U.S.-based electric car maker Tesla, …

Tesla ready to open factory in India, but has this condition
1 year, 1 month ago

Tesla ready to open factory in India, but has this condition

Hindustan Times  

Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. Prime Minister Narendra Modi met Tesla chief executive Elon Musk during a state visit to the US in June. The …

India to be first non-European market for Tesla's proposed ‘most affordable car’: Report
1 year, 1 month ago

India to be first non-European market for Tesla's proposed ‘most affordable car’: Report

Hindustan Times  

According to a report, India will be the second market and first non-European destination for a proposed 2-door electric car from Elon Musk's Tesla, with the model also being the largest EV manufacturer's ‘most affordable’ vehicle. “While Tesla has earmarked its German facility for this most affordable car, it expects sizable volumes of this model from the Indian market. Meanwhile, …

Tesla shares surge over 2% on report of possible pact with India to import EVs
1 year, 1 month ago

Tesla shares surge over 2% on report of possible pact with India to import EVs

Live Mint  

Shares of Tesla Inc. rose more than 2% on Tuesday after a media report said that the US automaker is nearing a pact with India to import its electric vehicles to the country. Soon an agreement may be finalised between Indian government and Tesla Inc. that would allow the automaker to ship its electric cars to the country from next …

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory
1 year, 1 month ago

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory

Firstpost  

Tesla is expected to invest about $2 billion initially for its manufacturing plant. Tesla may also explore the possibility of manufacturing its batteries in India It seems that Tesla is set to enter the Indian market in 2024, first through imported cars and then later selling India-made Teslas. India is reportedly on the verge of finalizing an agreement with Tesla …

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