NEW DELHI :Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The company did not discuss lowering import tax on electric cars, the person told
NEW DELHI :Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter.Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on Tuesday.
Local sourcing aligns with Modi's pitch to attract manufacturers with his"Make in India" campaign, especially as companies look to diversify their supply chains beyond China.
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