Key Points
Tesla, the worlds leading Indian electric vehicles (EV) manufacturer, has begun the process of producing right-hand drive cars for the Indian market in its Berlin factory and hopes to have them on Indian roads later this year, a person familiar with the companys plans said on Wednesday.e)..
Tesla is also sending a team in the third week of April to India to scout for locations to firm up its mega manufacturing plans to make vehicles in India for the wider developing world..
HT first reported, on January 13, that India was on the verge of announcing a new EV policy with an eye on attracting global majors such as Tesla, and getting a foothold in the EV and battery industry to meet its climate, economic and strategic objectives..
This may, tentatively, include a direct and immediate investment of $3 billion to produce a new small car from an Indian plant, a $10 billion commitment from other partners to support this manufacturing venture, and a cumulative $15 billion in the battery industry ecosystem..
Simultaneously, Tesla has started production of a limited number of its standard brands to compete in the Indian market in its factory in Germany, a step that will also help the company build and test a charging ecosystem..
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