Tesla in talks with India to set up EV factory, cars could start at Rs 20 lakh

Tesla has been in talks with the Indian government to set up a car manufacturing plant in India for several months.

The proposed factory would have the capability to produce up to 500,000 electric vehicles annually. Tesla is also considering India as a potential export hub for its electric cars.

The Indian government has been encouraging Tesla to invest in India and has offered the company incentives and tax benefits.

Tesla has expressed interest in creating its own supply chain ecosystem within India and has met with senior government officials to discuss its plans.

The talks between Tesla and the Indian government are still in the early stages, but both sides are hopeful of making progress.

If Tesla is able to set up a manufacturing plant in India, it would be a major boost for the Indian auto industry and would help to make India a global hub for electric vehicles.

Here are some of the key points in a shorter format:

• Tesla is in talks with India to set up a car manufacturing plant.

• The plant would produce 500,000 electric cars annually.

• Could be used as an export hub.
• The Indian government offers incentives and tax benefits.
• Tesla is interested in creating its own supply chain ecosystem.
• Talks are still in the early stages, but both sides are hopeful.