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India offers sops to Tesla ensuring production costs undercut China

India offers sops to Tesla ensuring production costs undercut China
Gadkari s pitch comes weeks after billionaire Elon Musk s Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021
Reuters | March 2, 2021 | Updated 21:34 IST
India s fledgling EV market accounted for just 5,000 out of a total 2.4 million cars sold in the country last year
India is ready to offer incentives to ensure Tesla Inc s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters.
Gadkari s pitch comes weeks after billionaire Elon Musk s Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 electric sedan in India. ....

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Elon Musk confirms Tesla's India plans in two-word tweet

Elon Musk confirms Tesla s India plans in two-word tweet
This is the first statement about Tesla s plans for India that Musk has made since the company registered its office in Bengaluru. On January 8, Tesla registered itself as a company named Tesla India Motors and Energy in Bengaluru
BusinessToday.In | January 14, 2021 | Updated 16:14 IST
Tesla CEO Elon Musk
Tesla CEO Elon Musk confirmed his plans for establishing Tesla centres in five states across the country. He did so in a two-word tweet put out by him on Wednesday. As promised, Musk wrote on Twitter. The world s richest man was replying to a tweet linking to a blog post on the Tesla fan site Tesmanian which noted that Tesla cars will be expensive for Indians but the cars will become more affordable for the country s middle class when the company starts production within the country. ....

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