Elon Musk is expected to announce the launch of Tesla India at the Gujarat summit in Gandhinagar in January 2024, according to Teslarati, which specializes in tracking Tesla news.
According to local reports, Tesla and Musk are in the final stages of negotiations with India on the land to build the factory, which may be located in Gujarat.
Over the years, Tesla and India** have engaged in lengthy negotiations, and there have been many times when the two sides have almost reached an agreement, but the negotiations have ended in nothing. This summer, when Musk met with Indian Prime Minister Narendra Modi in New York, discussions about Tesla's launch in India began again. After meeting with Modi, Musk announced plans to visit India in 2024. The Tesla CEO also said that Tesla is likely to "make significant investments in India in the future".
In early November, when India** announced that it would discuss electric vehicle (EV) policy changes, discussions at Tesla India heated up again. Discussions included a policy change related to EV manufacturing in India. India** also plans to discuss Tesla's investment proposal. India** aims to fast-track the approval of the company by January 2024.
Gujarat official ** reports that Tesla is looking for land in Sanad, a city and municipality in the Ahmedabad region. Sannard has become the industrial hub of Gujarat, where other car manufacturers such as Tara Motors, Maruti Suzuki, and MG Motors are located.
Linghexun plus members, watch more exclusive content for free: 8 major financial columns, exclusive interpretation of the latest and hottest information dry goods, and grasp the market investment trend one step faster.