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Elon Musk’s Tesla may enter India by Jan 2024
Indian govt steps up approval process for Elon Musk-run EV co; It had already submitted a proposal to build a factory for battery storage in India: reports
Sourcing Auto Parts
- Tesla had already bought $1 bn worth of components from India
- Its outsourcing parts this year expected to be $1.7-$1.9 bn
New Delhi: Elon Musk-run Tesla might start rolling out on Indian roads soon as the Centre is ramping up the process to provide all the necessary approvals from the concerned departments by January 2024 for its entry into the country, media reports said on Tuesday.
According to the reports, the Prime Minister’s Office (PMO) held a meeting on Monday with top officials to review the upcoming phase of EV manufacturing in the country, including Tesla’s investment proposal.
The Union Ministries of Commerce and Industry, Heavy Industry, and Electronics and Information Technology have been engaged in discussions about Tesla’s plans in India, following a meeting with PM Modi during the latter’s state visit to the US in June.
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