Report: Tesla in talks with Government to set up factory in India, electric car prices to start at Rs.20 Lakh
After a meeting with PM Modi in New York, Musk had said in June that the electric carmaker is looking to invest in India
Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday.
The prices for the electric vehicles would start from Rs. 20 lakh, the report added.
In a meeting with Musk last month, Indian Prime Minister Narendra Modi pushed the car maker to make a "significant investment" in the country.
After a meeting with PM Modi in New York, Musk had said in June that the electric carmaker is looking to invest in India "as soon as humanly possible."
Tesla Will Be in India as Soon as Possible, Says Elon Musk
Musk, also CEO of SpaceX, had said it hopes to bring Starlink satellite Internet service to India as well.
Executives of Tesla visited India and held talks with Indian bureaucrats and ministers in May on establishing a manufacturing base for cars and batteries in India.
