Elon Musk's Tesla may set up India 2023Elon Musk's Tesla may set up India 2023

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Elon Musk’s Tesla may set up India 2023: According to media reports, Tesla, which is an electric vehicle (EV), can enter India next year with its manufacturing plant in Gujarat.

Manufacturing to take place in India Tesla’s talks with the EV maker to set up its electric vehicle unit are in the final stages and are likely to conclude soon.

And meanwhile, a news has come that, according to a report in Ahmedabad Mirror, the announcement regarding Tesla’s manufacturing unit in the state is expected to be made during the upcoming Vibrant Gujarat Summit next month.

Gujarat is already home to manufacturing units of automobile manufacturers like Maruti Suzuki etc. and it is estimated that the possible locations for Tesla’s manufacturing plant are Sansad, Becharagi and Elon Musk’s Tesla may set up India It is well known that Maruti Suzuki is already located in Gujarat. It is moving.

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However, if seen, no such thing has come to light, till now no fundamental announcement has been made on this matter by the EV manufacturer or the state government.

During a recent cabinet briefing, Gujarat Health Minister Rishikesh Minister Patel expressed optimism about Elan Musk’s investment.

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During his address, he drew a parallel and highlighted the state’s awareness and alignment with Tesla’s broader goals.

Patel also stressed that the government is actively in talks with the EV manufacturer to finalize a deal to set up a manufacturing plant in Gujarat.

Media reports also reveal that Gujarat has become a major choice for Tesla’s manufacturing plant. Also due to the convenience of product export. The strategic location, particularly in Sanand, provides a short distance to the Kandla-Mundra port in Gujarat, enhancing Tesla’s export capabilities from India, not only due to favorable state policies, but also its proximity to ports.

The tenth edition of Vibrant Gujarat Summit will celebrate “20 Years of Vibrant Gujarat as a Success Summit”. Vibrant Gujarat Global Summit was conceptualized in 2003, the summit is dedicated to business networking, knowledge sharing and promoting strategic partnerships for inclusive growth and sustainable development.

In August, Union Commerce and Industry Minister, Piyush Goyal reportedly met senior Tesla executives in a closed-door meeting to discuss the carmaker’s plans to set up a manufacturing plant in the country.

Earlier, Tesla had expressed interest in building a factory in India that will produce low-cost electric vehicles (EVs), priced around $24,000 (INR 19.87 lakh), which will be Tesla’s target for both the Indian market and exports. Around 25% cheaper than the current entry model.

Tesla has been working overtime on its plans to enter India, with several meetings taking place between the government and carmaker executives since mid-May. Earlier it was also reported that the car manufacturer has taken office space on lease in Pune.

Tesla has leased an office spread over an area of 5,850 square feet on the first floor of Panchsil Business Park in Viman Nagar, Pune.

Tesla also wants to bring some of its Chinese vendors to India, but Indian officials have asked it to copy Apple’s plan in the country and set up joint ventures with Indian partners to get approval for its Chinese suppliers.

Summary

Talks to set up the EV maker’s first manufacturing unit in India have reached the final stages and are likely to conclude soon

Tesla’s manufacturing unit in Gujarat is expected to be built during the upcoming Vibrant Gujarat Summit next month

Tesla has been working overtime on its plans to enter India, with several meetings taking place between the government and carmaker executives since mid-May.

Also Read: Elon Musk’s Tesla may set up India 2023

FAQs: Elon Musk’s Tesla may set up India 2023:

Q.) Elon Musk’s Tesla may set up India 2023

Ans.) Tesla Likely To Set Up First Plant In India; Formal Announcement Expected In Jan 2024.

Q.) Why Tesla is not able to launch in india?

Ans.) Currently, India levies an import duty of 100% on cars whose Cost, Insurance and Freight (CIF) value exceeds $40,000 (Rs 30.6 lakhs), according to the Society of Indian Automotive Manufacturers (SIAM). On cars whose CIF value is less than $40,000, India levies import duty of 60%.

Q.) Can I buy Tesla in India?

Ans.) Tesla’s first offering in India, Model 3, will be bought through the CBU (completely built unit) route i.e. it will be fully imported. Its prices are expected to be upwards of Rs 60 lakh. However, the government is expected to offer certain incentives and rebates on it

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