Tesla Ventures into India

Billionaire Elon Musk-led Tesla is set to explore potential locations in India this month for its proposed $2 billion to $3 billion electric car manufacturing plant, as reported by UK’s Financial Times.

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Incentives for Investment in India

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Scouting Mission of Tesla

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Tesla’s preference for states with ports, such as Maharashtra, Gujarat, and Tamil Nadu, over Haryana, underscores the ease of exporting cars from these locations.

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Tesla’s potential entry into India coincides with a slowdown in EV demand globally and intensifying competition in its primary markets of the US and China, leading to a dip in first-quarter deliveries.

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Local Manufacturing of Tesla Cars in India

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