Tesla Sends Team to India to Find Appropriate Locations for its New Manufacturing Plant
Tesla Sends Team to India to Find Appropriate Locations for its New Manufacturing Plant
Staff
Fri, 04/05/2024 - 10:56
To avail the tax exemptions, the companies will have to invest at least Rs 41.5 billion and make the cars in India within just three years.
Media reports now surfaced that EV giant Tesla sends a team in India to find appropriate locations for setting-up a new plant in the country at an investment of $2bn-43bn. People familiar with the matter told the media that after the government reduced the tariffs on EVs imported, Tesla had taken this decision.
[original story: Circuit Digest]