Tesla spoke about battery manufacturing initiatives with government officials in India: Report
The company has proposed establishing a factory in the country for EVs, besides locally making batteries here, as per a Reuters report.
US automaker Tesla discussed with Indian officials, how it could be involved in domestic incentives in the country, pertaining to car and battery making, Reuters reported citing a person in the know.
The company has proposed establishing a factory in the country for EVs, besides locally making batteries here, the source informed Reuters.
This comes on the back of previous discussions between the automaker and the government ending in an impasse, after its request to reduce import tax on cars that can go up to 100 percent, was not taken into consideration. India wanted Tesla to build cars locally, whereas the auto firm wanted to test the waters first with imports, Reuters stated.
The company also spoke about the country’s import taxes in the latest round of discussions, but more from a perspective of getting to know the local rules for establishing a factory in the country, the person in the know informed Reuters on condition of anonymity.
RELATED ARTICLES
Weekly News Wrap: Launch Fever Grips Auto Sector as Royal Enfield, M&M, Hyundai Step Up FY27 Plans
Product pipelines dominated the week as Royal Enfield, Mahindra and Hyundai lined up fresh launches, even as automakers ...
The 34% Surge: How NBFC Muscle is Engineering India’s Used-Car Financing Reset
Non-banking financial companies are fuelling a structural shift in Indian auto markets, extending credit to semi-urban a...
Tenneco India – IceCo Appoints Thalavai Venkatesan as Chief Commercial & Technology Officer
Venkatesan, a veteran with nearly three decades of experience in automotive R&D and commercial leadership, will lead inn...




By Autocar Professional Bureau
18 May 2023
2808 Views

Angitha Suresh