Tesla To Setup EV Plant in Gujarat, CEO Elon Musk Likely To Visit India and Meet PM Narendra Modi at 'Vibrant Gujarat Global Summit' in January 2024: Reports

According to earlier reports, the automaker asked the Indian Government for an initial tariff concession that would offset India's steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000.

Elon Musk and Prime Minister Modi (Photo Credit: Wikimedia Commons)

New Delhi,슬롯 머신 사이트 추천December 28:슬롯 머신 사이트 추천Elon Musk슬롯사이트™s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the 슬롯사이트˜Vibrant Gujarat Global Summit슬롯사이트� next month. The announcement is likely to be made in the presence of Tesla CEO and Prime Minister Narendra Modi at the flagship event from January 10-12, according to media reports.

With its strategic location and favourable business environment, Gujarat has emerged as the "preferred destination for Tesla슬롯사이트™s manufacturing plans". According to Ahmedabad Mirror, the state government has suggested Sanand, Becharaji and Dholera as the site for Tesla to set up its manufacturing plant. Earlier, Gujarat, Maharashtra and Tamil Nadu were being considered by Tesla to set up its EV plant.슬롯 머신 사이트 추천Tesla Cybertruck Accident: Toyota Corolla Hits Tesla슬롯사이트™s Cybertruck in California, Driver Sustains Minor Injuries.

Tesla has been engaged in intense negotiations with the Union Government, seeking concessions that would facilitate a smoother entry into the Indian market. Union Commerce Minister Piyush Goyal in November visited Tesla슬롯사이트™s state-of-the-art manufacturing facility in Fremont, California. Goyal said it was "extremely delighted to see talented Indian engineers and finance professionals working at senior positions and contributing to Tesla슬롯사이트™s remarkable journey to transform mobility슬롯사이트�.

슬롯사이트œAlso proud to see the growing importance of auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India. Missed Elon Musk슬롯사이트™s magnetic presence and I wish him a speedy recovery,슬롯사이트� the Union Minister posted on X. Musk, had apologised to Goyal for not being able to meet him as he was keeping unwell.

슬롯사이트œIt was an honour to have you visit Tesla! My apologies for not being able to travel to California today, but I look forward to meeting at a future date,슬롯사이트� Musk replied. Goyal and Musk were scheduled to meet during the Minister슬롯사이트™s US visit, after the SpaceX and X owner met Prime Minister Narendra Modi in the US in June, and revealed he was keen to make significant investments in India.

According to earlier reports, the automaker asked the Indian Government for an initial tariff concession that would offset India's steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000. Tesla had asked for the concession as a condition for constructing a plant in the country. The reduced tariffs would apply to all EV manufacturers.슬롯 머신 사이트 추천Tesla Engineer Pinned Down and Attacked by Malfunctioning Robot at Giga Texas Factory in Austin, Sustains Injuries on Arm and Back With Trail of Blood: Reports.

India's EV market has the potential to achieve over 40 per cent penetration with $100 billion revenue by 2030. This growth is expected to be driven by strong adoption (over 45 per cent) in both two-wheeler (2W) and three-wheeler (3W) categories, with four-wheelers (cars) penetration projected to grow to more than 20 per cent, according to a recent report by Bain & Company and Blume Ventures.

(The above story first appeared on LatestLY on Dec 29, 2023 04:00 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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