The Indian government reportedly plans to approve Tesla’s investment proposal by January 2024.
The decision comes as top officials are discussing policy changes that could affect the country’s electric vehicle production.
Tesla aims to produce cars costing $24,000, 25 percent cheaper than its current entry-level model, the Model 3.
The move could significantly strengthen the company’s position in one of the world’s fastest-growing auto markets and help increase the availability of electric vehicles. The new facility is expected to not only serve the local market but also export cars to other countries.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
