Tesla ‘serious’ on establishing India production, innovation base, minister says
Tesla Inc (TSLA.O) is “serious” about its plans to establish a manufacturing base in India, the country’s deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker.
The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market.
“They are very seriously looking at India as a production and innovation base,” Rajeev Chandrasekhar said in the first public comment by an Indian government official on the talks.
“We have signalled to them that the government of India is working together (and) will certainly make whatever ambitions they have or investment objective they have in India a success,” said Chandrasekhar, who is one of the highest-ranking officials in Prime Minister Narendra Modi’s administration.
Tesla proposed setting up a factory in India to build electric vehicles (EVs) and is also looking at manufacturing EV batteries, Reuters reported.
This report’s information was first seen on REUTERS; to read more, click this link.