We learned recently that as India agrees to make concessions on tariffs, it is close to reaching an agreement with Tesla. It is expected that Tesla will be able to enter the Indian market in 2024. At the same time, Tesla will also build a factory in India within the next two years. It is understood that India may announce the news at the Vibrant Gujarat Global Summit in January 2024.
“China Tesla Model 3”
It is reported that Tesla may consider three regions including Gujarat, Maharashtra or Tamil Nadu as factory site options. The reason is that the above three places already have relatively complete electric vehicle manufacturing and export systems. , among which, Gujarat is the hometown of Indian Prime Minister Narendra Modi.
We also learned that in addition to car manufacturing plants, Tesla is also considering producing batteries in India to achieve a closed-loop production, thereby reducing overall costs. However, at present, there is no definite answer to this news.
“The previously finalized Gigafactory in Mexico”
As the country with the largest population in the world, India’s electric vehicle market can be described as an attractive big cake. However, due to issues such as tariffs on imported electric vehicles and lack of infrastructure (charging piles), India’s electric vehicles only accounted for passenger use. Accounting for 1.3% of total car sales, Tesla has never successfully landed in India. However, as India and Tesla reach cooperation on tariffs, factory construction, etc., this situation may change in the future.
