Tesla plans to establish factory in India by 2024, says report

  • Tesla Inc is reportedly close to finalizing a deal with India, which includes setting up a factory in 2024.
  • The company is considering Maharashtra, Tamil Nadu, and Gujarat for the factory location, with an initial investment of $2 billion.
  • Tesla’s local production could significantly reduce the cost of its electric vehicles in India, where the EV market is still relatively small.
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