2024-04-03 05:58:22 pm | Source: Reuters
Tesla to scout sites in India for $2 billion-$3 billion EV plant, FT reports
Tesla will send a team to India this month to scout locations for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday.
India last month lowered import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years.
The company will send a team from the United States by late April to study sites for the plant, with a focus on states that have automotive hubs such as Maharashtra, Gujarat and Tamil Nadu, the report said, citing people familiar with the matter.
Tesla did not immediately respond to a Reuters requests for comment.
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