Tesla Chief Executive Elon Musk in June last year that he was planning to visit India in 2024, adding that he was confident that the electric carmaker will be in India and will do so “as soon as humanly possible.” Tesla Coming to India: ‘Tesla Is in the Pipepline’, Says Gujarat’s Industry Minister Balvantsinh Rajput Ahead of Vibrant Gujarat Global Summit 2024.
Tesla is expected to reveal its plans for a manufacturing plant in India in January during the Vibrant Gujarat Summit, with CEO Elon Musk in attendance. Gujarat is seen as an ideal location for Tesla s export-oriented strategy. Tesla was likely to invest up to $2 billion, contingent on a concessional duty of 15% on imported vehicles during the plant s first two years of operation.
Tesla India Plant: Tesla is expected to reveal its plans for a manufacturing plant in India in January during the Vibrant Gujarat Summit, with CEO Elon Musk in attendance. Gujarat is seen as an ideal location for Tesla s export-oriented strategy. Tesla was likely to invest up to $2 billion, contingent on a concessional duty of 15% on imported vehicles during the plant s first two years of operation.
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