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
Exide Flags Delay in Hyundai-Kia Battery Cell Localisation Project
Battery maker confirms Hyundai-Kia joint localization project will not launch in FY27 as work continues on separate cust...
Gulf Oil Lubricants Reports 32.5% Revenue Growth in First Quarter
Gulf Oil achieves standalone revenue of Rs 1,320.4 crore and 31.9% profit increase despite raw material cost inflation.
ASDC Appoints Prasanna Pahade as Chief Executive Officer
Former Mahindra Logistics executive succeeds Arindam Lahiri to drive workforce development and skill alignment across el...


18 May 2023
2876 Views
Kiran Murali
