After years of discussions, Tesla, the world’s top electric car maker, has finally submitted a proposal to establish manufacturing operations in India. This move marks a significant development in Tesla’s global expansion plans and signals its entry into one of the world’s largest automobile markets.
Government sources have confirmed that Tesla has submitted an initial proposal to build a gigafactory in India with an annual capacity to produce approximately 500,000 electric vehicles. The company aims to introduce a wide range of electric vehicles and establish a robust charging infrastructure in India, thereby accelerating the adoption of sustainable transportation on a large scale.
Sources indicate that Tesla intends to offer electric vehicles at a reasonable price range, although specific pricing details have yet to be determined. If Tesla’s plans materialize, the company is poised to become India’s third-largest car manufacturer, following Maruti and Hyundai. This entry has the potential to reshape the Indian automotive market and drive the shift towards electric mobility.
Tesla and Indian government officials will engage in further discussions regarding localization plans, including the identification of a suitable location for the gigafactory. Additionally, the government may consider implementing a second phase of the Production Linked Incentive scheme to support Tesla’s manufacturing operations. Talks are also underway to expand the FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme, with the FAME 2 scheme set to conclude in March 2024.
Initial talks between Tesla and Indian government officials began in late 2021 when Tesla representatives visited the Ministry of Road Transport and Highways. Subsequent meetings were held with key stakeholders, including Niti Aayog, the Ministry of Heavy Industries, and other government bodies. These engagements laid the foundation for Tesla’s formal proposal and underscore the collaborative efforts between the company and the Indian government.
Tesla’s decision to begin manufacturing operations in India reflects the country’s growing importance in the global electric vehicle market. The establishment of a gigafactory and the introduction of affordable electric vehicles will contribute to India’s efforts to transition towards sustainable transportation and reduce carbon emissions.
| Follow US | |
| UPSC Govt. Jobs UPSC Current Affairs UPSC Judiciary PCS Download Adda 247 App here to get the latest updates |
The Ganga is the longest river in India. The Ganga plays a very important role…
One of the main reasons why a large number of candidates participate in the PSC…
The Maharashtra Public Service Commission (MPSC) has already announced the MPSC Rajyaseva Exam Date for…
UPSC Calendar 2025 Out: The UPSC Calendar 2025 has been released by the Union Public…
Candidates preparing for the UPPSC Exam are advised to enhance their study strategy by utilizing…
The Bihar Public Service Commission (BPSC) annually conducts the Service Examination to fill various Group…