Tesla Proposes EV Plant In India

Tesla Proposes EV Plant In India

 Buzz Feedz: Tesla Company has proposed setting up a EV factory in India to build electric cars for domestic sale and export, the car maker told government officials on Wednesday, according to a source with direct knowledge of the matter.

The company did not discussed lowering import tax on electric cars, and the person told Reuters.

Senior Tesla executives members are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on Tuesday.

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

The electric car maker's renewed interest in India comes nearly a year after it put on hold plans to sell cars in the country after failing to secure lower import taxes, which its CEO Elon Musk said are among the highest in the world.

Local sourcing aligns with PM Narendra Modi's pitch to attract manufacturers with his "Make in India" campaign, and especially as companies look to diversify their own supply chains beyond China.