According to Tesla's report on Thursday (December 28), it is expected that Tesla CEO Elon Musk will visit India in January 2024 and announce the launch of Tesla India at the Gujarat Summit in Gandhi Nagar. Tesla is a media company that specializes in tracking Tesla news.
According to the latest reports from local media, Musk's Tesla company is in the final stage of negotiations with the local government regarding the land for building a factory.
According to official media in Gujarat, Tesla is searching for land to build a factory in the autonomous city of Sanad in the Ahmedabad region. Sanada has become the industrial center of Gujarat, with other car manufacturers setting up factories such as Tara Motors, Maruti Suzuki, and MG Motors.
Long term negotiations
For many years, Tesla and India have had lengthy negotiations, with many attempts to reach an agreement, but the negotiations ultimately came to no avail.
Due to India's long-standing high tariffs on overseas cars, this has also become a key barrier for overseas electric vehicles to enter the Indian market.
As a result, Tesla and the Indian government have been unable to reach a cooperation agreement for a long time. They have been engaged in a game of tariffs and factory construction: the Indian Prime Minister hopes that Tesla can build cars in India, while Tesla CEO Musk hopes that India can first reduce import tariffs on electric vehicles, so that they can enter the Indian market at a lower price for Tesla cars.
However, both sides have resumed dialogue in recent months. This summer, when Musk met with Indian Prime Minister Narendra Modi in New York, the two sides once again opened discussions about Tesla's launch in India.
And after meeting with Prime Minister Modi, Musk announced his plan to visit India in 2024. At that time, the CEO also stated that Tesla was likely to make significant investments in India in the future.
In early November, when the Indian government announced that it would discuss changes in electric vehicle policies, Tesla India's discussions heated up again. The discussion between both parties includes a policy change related to the manufacturing of electric vehicles in India. The Indian government also plans to discuss Tesla's investment proposal, with the goal of quickly approving the company by January 2024.