Tesla is seriously planning to enter the Indian market, a government official familiar with the talks said. The company is considering various options for its activity in India to come to the country's market.
Tesla is “serious” about its plans to enter the Indian market, the country's deputy minister for technology told Reuters. Tesla held talks with Indian officials this week, covering a variety of topics. The company is exploring the possibility of entering the local market and is looking for the best opportunities to take advantage of incentives provided by the government.
“They are very seriously looking at India as a production and innovation base,” Rajeev Chandrasekhar said in the first public comment by an Indian government official on the talks.
“We have signaled to them that the government of India is working together and will certainly make whatever ambitions they have or investment objective they have in India a success,” said Chandrasekhar, a high-ranking official in Prime Minister Narendra Modi's administration.
The talks not only covered auto manufacturing but also energy, manufacturing technology, and more. However, the state representative did not disclose more specific details.
“You talk about cars, you talk about energy, you talk about manufacturing technology. So all of those figures in the conversation. What they will want to do in India, it's too far for me to tell and it's not for me to say,” he added.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.