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'India is now the most populous country in the world, based on population. India should have electric cars just like every other country has electric cars,' Musk said in a X Spaces session
EU and India launch a matchmaking event for startups in EV Battery Recycling Technologies to enhance circularity and carbon-neutrality. The event promotes sustainable innovation and economic relations, fostering collaborations for a green and circular economy.
Tesla, a leading EV manufacturer, has started producing right-hand drive cars for the Indian market in its Berlin factory. The company is also scouting locations in India for manufacturing vehicles for the wider developing world.
India's new EV policy allows import of electric vehicles, even from China, with import duty concessions for companies investing USD 500 million. The policy aims to kickstart four-wheeler e-car manufacturing and may lead to Chinese auto firms entering the local market.
Greater reliance on Chinese input suppliers might be inescapable, but then the prospect of India emerging as an EV-making hub would outweigh the potential downside of that.