Tesla scouts for location to set up manufacturing in India
New Delhi, India – In a significant development for India's electric vehicle (EV) industry, Tesla has intensified its efforts to bolster its presence in the Indian market and is actively scouting for a suitable location to set up a state-ofthe-art manufacturing plant.
As per the sources, the state governments of Maharashtra and Gujarat have extended lucrative land offers to Tesla Inc for the establishment of an electric vehicle (EV) manufacturing plant, signaling a major stride in India's electric mobility landscape.
The proposed plant, with an estimated investment ranging from $2bn to $3bn, aims to cater to both domestic and international demand for Tesla's electric vehicles. The move comes in the wake of India's new EV policy, aimed at promoting sustainable transportation and reducing carbon emissions.
The Indian government's scheme to promote the manufacturing of electric vehicles (EVS) aligns closely with Tesla's initiatives in India, as the global EV manufacturer explores opportunities to establish a robust manufacturing presence in the country.
Under the government's EV scheme, which aims to position India as a preferred manufacturing destination for EVS equipped with cutting-edge technology, several key objectives are outlined. These include attracting investments from reputable global EV manufacturers, fostering the adoption of advanced EV technology among Indian consumers, and bolstering the country's Make in India initiative.
As part of its investment plans, Tesla intends to send a team of experts to scout for suitable locations across India for the proposed manufacturing facility.
The company is actively seeking the ideal site to set up its electric car plant, with a keen focus on factors such as infrastructure, logistics, and accessibility.
In a significant step towards establishing a strong foothold in India, Tesla India Motor and Energy Pvt Ltd has leased a sizable office space in Pune.
The 5,850 square feet facility, located at Panchshil Business Park, marks Tesla's first real office setup in the country. This move highlights Tesla's commitment to expanding its operations and enhancing its presence in India's business landscape.
Tesla's substantial investments in India are poised to catalyze growth and innovation in the EV sector, propelling the country towards a sustainable and greener future. Tesla's entry into the Indian market holds immense promise for the country's economy and environment.