In the world of electric vehicles, Tesla is always a hot topic. Recently, two senior Tesla executives are reportedly holding significant discussions with officials from India’s investment promotion sector, Invest India. The topic at hand? Tesla’s ambitious plan to launch in the vibrant Indian market.
According to insiders, Tesla is mulling over constructing a factory in India to produce an affordable electric vehicle. With a price tag of $24,000, this electric vehicle will not only be affordable but will also be approximately 25% less expensive than Tesla’s current entry model. These electric cars will not just be for the Indian market but for export as well.
On the ground in New Delhi are two key players from Tesla. Rohan Patel, a senior executive in public policy and business development, and Roshan Thomas, a vice president for supply chain, have been engaging in confidential discussions with Invest India officials.
Thursday saw Invest India CEO, Nivruti Rai, formerly an Intel executive, hold a meeting with the Tesla delegation. However, requests for comments from both Tesla and Invest India have not yet received responses.
According to sources, Tesla executives are slated to meet with Indian commerce minister Piyush Goyal soon. It is expected that topics such as setting up an electric vehicle supply chain and land allotment for the factory will be on the discussion table.
While several Indian states are vying to attract Tesla’s plant, the automaker is currently focusing on discussions with the federal government in New Delhi, according to Reuters.
The talks signify a remarkable about-face for Tesla. After last year’s failed efforts to reduce import taxes on electric vehicles shipped to India, Tesla’s commitment to local production is a game-changer.