Is Tesla Coming To India?

The Indian Govt is pushing to accelerate the approval process for Tesla's potential entry into the country by January 2024

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Tesla has been engaged in discussions with the Indian government around its broader expansion into the Indian market

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Earlier this year, Musk met with Prime Minister Narendra Modi and expressed optimism about Tesla’s prospects in India.

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In Aug, Tesla officials met Piyush Goyal to expedite plans for a manufacturing plant in India.

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Tesla is planning to source $1.7-1.9 Bn in EV components from local vendors this year and establish a battery storage facility in India.

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The increasing demand for EVs in India has attracted both global and domestic tech companies, along with emerging startups

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In addition to Tesla, Audi and Mercedes-Benz are also in the queue to grab opportunities in the Indian EV ecosystem.

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