Tesla is Exploring Locations for $2-3 Billion Electric Car Plant in India

Tesla is exploring locations in India for a $2-3 billion electric car plant following tariff reductions on imported EVs.

The scouting team will focus on states like Maharashtra, Gujarat, and Tamil Nadu, prioritizing areas with ports for exports.

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[{"selector":"#anim-2200fb0e-0cd3-4114-9a1a-c13a05443742 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Prime Minister Narendra Modi encouraged Tesla's investment during his US visit, offering subsidies to promote manufacturing, especially in EVs.

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Initial investment for the Indian plant is $2-3 billion, with potential for battery production later.

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[{"selector":"#anim-d42ba9bd-325f-4bd8-bdae-07a220fad804 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Other companies like BYD, VinFast, Tata Motors, Mahindra, and JSW are also investing in India's EV industry. Learn more