India Buzz Feed News

Check out the details as Tesla begins talks with the government about establishing a factory in India

<p>Since expressing interest in introducing its EVs in India, the American electric vehicle manufacturer Tesla has been making headlines. The corporation began conversations with the relevant ministries for setting up plants in India after several rounds of negotiations with the government about exercise duty and other related laws.</p>
<p>Indian Tesla Business Model</p>
<p>According to reports, the US-based EV manufacturer officially discussed the investment proposal with the government. According to the article, the corporation plans to build a facility that would produce more than 5 lakh electric vehicles annually.<img decoding=”async” class=”alignnone wp-image-73922″ src=”” alt=”” width=”1273″ height=”713″ srcset=” 300w,×84.jpg 150w” sizes=”(max-width: 1273px) 100vw, 1273px” /></p>
<p>If all goes according to plan, the Elon Musk-owned business is anticipated to introduce its base-model EV for Rs 20 lakh.According to reports, Tesla, which has factories and other commercial operations in China, would use India as its export hub in order to ship its electric vehicles (EVs) to customers in the Indo-Pacific area.</p>
<p>Tesla’s Discussions With the Indian Government</p>
<p>According to a government source, Tesla approached the government with its ambitious business strategy. This time, according to the official, it seems like things could turn out well. Discussions on both exports and regional manufacturing took place. According to the reports, officials from Tesla from both the US and India had a short chat about the business model and its partner to establish manufacturing facilities in the nation during the meeting with the Elon Musk-owned firm.</p>
<p>Tesla has been engaging with important figures in order to establish its business strategy in India. In order to accomplish the aim, the firm recently expressed interest in bringing its own supplier to a convention hosted by the Society of Indian Automobile Manufacturers (SIAM) in Delhi provided things go well.</p>
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