Tesla to explore locations in India for $3 billion EV factory, FT reports
Publishing timestamp: 2024-04-04 01:51:03
Summary
Tesla will send a team to India to scout locations for an electric vehicle plant worth $2-3 billion. This move aligns with Prime Minister Modi's plans to boost domestic manufacturing. India has been offering incentives to attract investments in EV production, making it an attractive opportunity for Tesla. Tesla is in competition with China's BYD in the EV market.
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