- Tesla is ramping up its efforts to enter the Indian market, with CEO Elon Musk setting his sights on Maharashtra for the company’s first EV manufacturing plant in the country.
- The Maharashtra government has proposed Chakan and Chikhali near Pune as potential locations for Tesla’s plant, with the company already having an office in Pune at Panchshil Business Park.
- While discussions are still in the early stages, Tesla has started hiring for various roles in Delhi and Mumbai, including Service Advisors, Parts Advisors, and Delivery Operations Specialists, signaling its commitment to expanding in India.
- Tesla initially faced challenges due to high import duties on EVs in India, but the recent reduction in taxes for EVs priced above $40,000 has reignited the company’s interest in the market.
- A meeting between Elon Musk and Prime Minister Narendra Modi in the US may have played a role in expediting Tesla’s entry into India, with Musk reportedly seeking concessions and lower tariffs on imported EVs during the discussion.
- With India’s focus on economic reforms and governance, Modi and Musk discussed areas of collaboration such as space, mobility, and technology advancements, paving the way for Tesla’s potential expansion in the country.
- As Tesla makes strides in office leasing, job recruitment, and plant establishment, the future looks promising for the electric vehicle giant in India, with Maharashtra emerging as a frontrunner for hosting its first manufacturing facility.
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