Tesla in Talks With India to Set up Factory With up to 500000 Annual Capacity

Reuters2023-07-13

(Reuters) - Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday.

The prices for the electric vehicles would start from 2 million rupees ($24,400.66), the report added.

Tesla did not immediately respond to Reuters' request for comment.

The billionaire Elon Musk-led company is also looking at using India as an export base as it plans to ship cars to countries in the Indo-Pacific region, the report said, citing government sources.

In a meeting with Musk last month, Indian Prime Minister Narendra Modi pushed the car maker to make a "significant investment" in the country.

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Comments

Zephyruss
2023-07-13
Zephyruss
Musk will regret if they set up factory in India... So many companies set up there in the end withdrawal from India..
shams_Trader
2023-07-13
shams_Trader
This will multifold the tesla market. India is a huge market. Specially for cars. Elon musk Understands this very well. He is not just a investor but a wise businessman. a big positive for company and shareholders.
Rookie22
2023-07-13
Rookie22
Bad idea actually . Hard to do business in India .

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So many companies set up there&nbsp;in the end&nbsp;withdrawal from India..&nbsp;","listText":"Musk will regret if they set up factory in India... So many companies set up there&nbsp;in the end&nbsp;withdrawal from India..&nbsp;","text":"Musk will regret if they set up factory in India... So many companies set up there in the end withdrawal from India..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197412663697640","repostId":2351416457,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197394333237272,"gmtCreate":1689232288023,"gmtModify":1689233026622,"author":{"id":"3580257082212440","authorId":"3580257082212440","name":"shams_Trader","avatar":"https://community-static.tradeup.com/news/360465fe8cac8dd587177ad9080b3356","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580257082212440","authorIdStr":"3580257082212440"},"htmlText":"This will multifold the tesla market. India is a huge market. Specially for cars. Elon musk Understands&nbsp;&nbsp;this very well. He is not just a investor but a wise businessman. a big&nbsp;positive for company and shareholders.","listText":"This will multifold the tesla market. India is a huge market. Specially for cars. Elon musk Understands&nbsp;&nbsp;this very well. He is not just a investor but a wise businessman. a big&nbsp;positive for company and shareholders.","text":"This will multifold the tesla market. India is a huge market. Specially for cars. Elon musk Understands this very well. He is not just a investor but a wise businessman. a big positive for company and shareholders.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197394333237272","repostId":2351416457,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197391719690280,"gmtCreate":1689231492637,"gmtModify":1689231495956,"author":{"id":"3575290973507485","authorId":"3575290973507485","name":"Rookie22","avatar":"https://static.tigerbbs.com/c6852efd5f87d9ecf7965e213c38ac97","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3575290973507485","authorIdStr":"3575290973507485"},"htmlText":"Bad idea actually . Hard to do business in India .","listText":"Bad idea actually . Hard to do business in India .","text":"Bad idea actually . Hard to do business in India .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197391719690280","repostId":2351416457,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":3,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2351416457"}