Tesla is investing $3 billion to start production in India, the Financial Times has learned. Company representatives plan to visit the country this month to find a site for the plant.
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Tesla plans to build an electric vehicle manufacturing plant in India. Company representatives plan to visit the country this month to look for a location for the company, sources told the Financial Times.
According to the newspaper’s interlocutors, Tesla is considering regions (Maharashtra, Gujarat and Tamil Nadu) to open a plant, where its competitors have already started their own production and have prepared the appropriate infrastructure.
Earlier, Indian authorities reduced import tariffs for electric vehicle manufacturers investing at least $500 million in production in India.
In January, Reuters learned of Tesla’s intention to launch a new electric car model in 2025. It will be a compact crossover codenamed Redwood.
Author:
Kirill Bilyk
Source: RB
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.
