Friday, December 20

Tag: tesla in india

Tesla to Partner With Reliance For Setting Up Manufacturing of JV in India: Reports
11Apr By adminNo Comments
Business

Tesla to Partner With Reliance For Setting Up Manufacturing of JV in India: Reports

Last Updated: April 11, 2024, 00:05 ISTElon Musk on Wednesday confirmed that he would be visiting India later this month and meeting Prime Minister Narendra Modi. (File Photo)Sources said said that Tesla is in talks with Reliance Industries Limited (RIL) for a potential joint venture to set up a manufacturing facility in the countryElon Musk’s Tesla is seeking a local partner to set up operations in India, sources told Business Line. Tesla founder Elon Musk on Wednesday confirmed that he would be visiting India later this month and meeting Prime Minister Narendra Modi.Quoting sources, a Moneycontrol report said the electric vehicle manufacturer is in talks with Reliance Industries Limited (RIL) for a potential joint venture to set up a manufacturing facility in the country.According to pe...
Read More
Tesla To Identify Sites in India for $2-$3 Billion EV Plant This Month: Report
3Apr By adminNo Comments
Business

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...
Read More
Elon Musk’s Tesla to enter India soon? PMO asks government departments to fast track approvals by January 2024: Report
7Nov By adminNo Comments
Business

Elon Musk’s Tesla to enter India soon? PMO asks government departments to fast track approvals by January 2024: Report

The Indian government is actively working to streamline approvals for Elon Musk’s Tesla to make potential entry into the country, aiming to have all necessary clearances in place by January 2024. According to an ET report, a meeting held by the Prime Minister's Office recently assessed the next phase of electric vehicle (EV) manufacturing in India, including Tesla's investment proposal.While the meeting primarily revolved around general policy discussions, it emphasized the need to expedite approvals for Tesla's proposed investment in India, a top official was quoted as saying.Ministries, including commerce and industry, heavy industry, and electronics and IT, have been engaging in talks regarding Tesla's plans following a meeting between Tesla CEO Elon Musk and Prime MinisterNarendra Mod...
Read More