Brief by Shorts91 Newsdesk / 04:38pm on 19 Feb 2025,Wednesday Business
Tesla is finally entering India, with its electric cars expected on roads by April. The Elon Musk-led company is also planning a manufacturing hub, investing $3-5 billion. Tesla officials will visit India soon to discuss production plans with the government. Potential locations for the factory include Maharashtra and Gujarat. Reports indicate Tesla’s cars may start at ₹21 lakh. The company will benefit from India's new EV policy, offering import duty cuts for firms investing at least $500 million. This move aligns with Prime Minister Narendra Modi’s recent talks with Musk in the US.
