Global car manufacturing company Tesla has announced that the new factory will start by the end of this year. Tesla CEO Elon Musk said that a decision regarding this will be taken in the coming months. When asked if the factory will be in India, he replied that India is a place of interest. Tesla recently held talks with the Indian government regarding the development of a new electric vehicle. Along with Elon Musk’s speech, Union IT Minister Rajiv Chandrasekhar’s statement is also read. He said that Tesla is taking the issue of starting a manufacturing plant in India seriously. This led to new discussions.
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Tesla recently revealed its plan to open a gigafactory in Mexico to increase global production capacity. It is expected to consider India as another strategic location for its future growth.
Earlier this month, Tesla representatives met representatives of the Indian government for talks. Elon Musk said that India’s import duty is too high. His position is that India is the country with the highest import duty in the world. But there are reports that the government is not interested in reducing the import duty.
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As a solution to this issue, both sides are trying to establish a factory in the border areas of the country. The Indian government believes that Tesla will benefit from the country’s Make in India program
Tesla is currently trying to expand its presence globally. The announcement regarding the new factory is expected to be made by the end of this year. It is estimated that the country’s electric vehicle market and the company will benefit from this.
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