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
JRG Automotive Secures ₹125 Crore Capital Infusion from Piramal Alternatives
Components Manufacturer outlines plans to expand injection-molding capacity and pursue strategic acquisitions across OEM...
Uno Minda to Expand Into Four-Wheeler Passenger Vehicle Seating Market
Firm Allocates ₹320 Crore for New Greenfield Manufacturing Site in Maharashtra to Supply Domestic Automakers.
MoRTH and Montra Electric Sign Agreement for Delhi-NCR Fleet Replacement Scheme
Separate commitments from e-MHCV and e-SCV divisions target emission reductions under NCR planning board framework.


18 May 2023
2854 Views
