Brush Stroke

Tesla will set up factory in India within 2 years

Brush Stroke

India is close to finalising a deal that would allow Tesla to import its electric vehicles and set up a manufacturing plant within two years.

Brush Stroke

The official announcement is expected at the Vibrant Gujarat Global Summit in January.

Brush Stroke

Gujarat, Maharashtra, and Tamil Nadu are being considered for the manufacturing venture.

Brush Stroke

Tesla plans to invest around $2 billion initially in a new Indian plant and purchase auto parts from India worth up to $15 billion.

Brush Stroke

Tesla's CEO Elon Musk expressed plans for a 'significant investment' in India, and intends to visit in 2024.

Brush Stroke

Union Minister Piyush Goyal visited the Tesla factory and plans to meet Elon Musk soon.