Tesla is set to send a team to India this month to explore potential locations for a proposed $2 billion to $3 billion electric car manufacturing plant. This move follows India s recent reduction in import taxes on certain electric vehicles, provided carmakers invest at least $500 million and initiate domestic production within three years.
Tesla India: On the one hand, this looks like business as usual. Officials have made a habit of using the supposed potential of the domestic market as an inducement for foreign investors. The stick of high tariffs together with the carrot of possible consumer demand growth should be enough to lure in people like Musk, they think. That said, there’s a deeper story to be told here.
Tesla India: On the one hand, this looks like business as usual. Officials have made a habit of using the supposed potential of the domestic market as an inducement for foreign investors. The stick of high tariffs together with the carrot of possible consumer demand growth should be enough to lure in people like Musk, they think. That said, there’s a deeper story to be told here.
Carl Pei Yu proposed that Musk should consider changing his username to "Elon Bhai" to facilitate the process of establishing a Tesla factory in India.