Tesla To Identify Sites in India for $2-$3 Billion EV Plant This Month: Report
Tesla will send a team from the United States by late April to study sites for the plant. (Photo: Bleeping Computer)Tesla's reported push into India comes at a time when EV demand is slowing and competition heats up in its main markets of the US and ChinaTesla, owned by billionaire Elon Musk, will send a team to India this month to scout locations for a proposed $2 billion to $3 billion (about Rs 16,700 crore-Rs 25,000 crore) electric car plant, UK’s Financial Times reported on Wednesday.Last month, India reduced import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million (over Rs 4,150 crore) and start domestic manufacturing within three years.Tesla’s reported push into India comes at a time when EV demand is slowing and competition heats u...