According to foreign media teslarati, the Indian government plans to approve Tesla’s factory in India by January 2024. Government departments have recently discussed policy changes affecting electric vehicle manufacturing in India. Tesla Investment proposals in India were also discussed.
“While the agenda of the meeting is focused on general policy issues, Tesla’s proposed investment plans in the country will receive fast-track approval by January 2024,” an Indian government official said.
According to Economic Times sources, the Prime Minister’s Office held a meeting with senior government officials to discuss policies, including import duties on electric vehicles. Discussions at Tesla’s India factory had stalled after the local government refused to reduce import duties on the electric car maker’s cars.
It was previously reported that Tesla representatives will meet with Indian Commerce Minister Goyal to discuss building a car factory to produce an electric car worth US$24,000 which may be the legendary Model Q.
Tesla has expressed interest in building a car factory in India to produce low-cost electric vehicles, people familiar with the matter said at the time. The model will be sold in the Indian market and will also be exported to other countries. If the news is true, the $24,000 electric car would be 25% cheaper than Tesla’s currently lowest-priced Model 3 model.
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