Tesla made another attempt to enter the Indian market. Elon Musk’s company wants to build its first factory in the country to assemble electric vehicles.
What is known
In 2022, Tesla planned to start exporting vehicles from China to India. However, the authorities did not want to reduce duties. Now the American company wants to enter India from a different angle.
Tesla sent a delegation that will try to negotiate the supply of components for electric vehicles from India to China. Building a new plant in India is a bonus that should help convince the authorities to change their mind.
According to the Reuters news agency, Tesla representatives discussed the issue with senior officials from the Indian government. So far, there is no information about how much progress they have made in the negotiations.
This time the delegation did not discuss the topic of customs duties, but talked about the launch of the Indian production of batteries for electric vehicles. Tesla also hopes to receive benefits from the government.
Source: Reuters
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