A Tesla team will visit India this month to look for a location for an electric car manufacturing plant; ₹25 thousand crore investment plan

Elon Musk’s electric vehicle (EV) manufacturing company Tesla will send a team to India this month, which will look for a place for an electric car manufacturing plant worth $ 2 to 3 billion (₹ 16 thousand crore to ₹ 25 thousand crore) in the country. . Britain’s Financial Times gave this information in one of its reports. According to the report, the team’s focus for the electric car manufacturing plant will be on automotive hub states like Maharashtra, Gujarat and Tamil Nadu. The report quoted sources as saying that some vehicle manufacturers also have plants in Haryana, but Tesla’s factories will be in other three states. The reason for this is the ports of these states, from where export of cars will be easy. The government had approved the new EV policy on March 15. This news of Tesla’s entry in India has come at a time when the Central Government has approved its new EV policy to make India a hub for manufacturing of electric vehicles. In the new policy, there is a provision for companies to invest a minimum of ₹ 4150 crore and there is no limit on the maximum investment. According to the policy, foreign car manufacturing companies will have to start their manufacturing and commercial production of EVs in the country within three years of starting business in India. A notification in this regard was issued today (March 15) by the Ministry of Commerce and Industry (MoCI). Musk wants to set up a battery storage factory in India. According to media reports, Tesla wants to manufacture and sell battery storage systems along with electric cars in India. The company had given a proposal to the Indian authorities for this. Piyush Goyal had visited Tesla factory in November last year. In November last year, Commerce and Industry Minister Piyush Goyal had visited Tesla’s manufacturing facility in California. However, company owner Elon Musk was not present during this period. He wrote on social media platform I am sorry for not being able to come to California today, but I look forward to meeting at a future date. While sharing the photos, Piyush Goyal wrote on Goyal said- ‘Missed the magnetic presence of Elon Musk and I wish for his speedy recovery.’ Musk met Prime Minister Modi in June last year. Tesla CEO Elon Musk met Prime Minister Narendra Modi in New York in June last year. After this meeting, Musk had said – India has more possibilities than any other big country in the world. I am excited about the future of India. I am a fan of Modi. It was a great meeting and I like him a lot. PM Modi also tweeted the picture of this meeting and wrote – ‘It was a great meeting with you today, Elon Musk. We discussed issues ranging from energy to spirituality. There was no agreement between Tesla and the government in 2022

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