Tesla is expected to unveil its plans for establishing a manufacturing facility in India during the Vibrant Gujarat Summit in January. The announcement, set to be made in the presence of CEO Elon Musk, aligns with Tesla’s strategy of focusing on export-oriented operations. The choice of Gujarat is seen as a strategic fit, allowing the electric vehicle giant to meet both domestic and international demand. This information was reported on Thursday by the Ahmedabad Mirror. For years, Gujarat has been a strategic location for the business environment. The state is already home to manufacturing units of automakers like Maruti Suzuki, etc.
Earlier, Gujarat, Maharashtra and Tamil Nadu were being considered by the company given the well-established ecosystems for electric vehicles and exports.
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Gujarat government’s spokesperson Rushikesh Patel Patel on Thursday expressed considerable optimism about that Elon Musk, Tesla’s CEO, would consider Gujarat for investment, emphasizing the welcoming stance of the government, news agency ANI reported.
More about Tesla and its specifications
Tesla’s first car was the Roadster. The Model S is Tesla’s highest rated car ever. The Model S is available with a 100 kWh lithium ion battery. It has a top speed of 149 mph and a drag coefficient of 0.208 Cd. The Model S has a range of up to 405 miles. The Model S has a tri-motor set-up with an output of 1,020 bhp. It has a combined (motorway and city) energy consumption of 268 Wh per mile. Tesla cars come standard with advanced hardware capable of providing Autopilot features, and full self-driving capabilities.
Tesla’s cars use a high-performance electric motor that is capable of producing instant torque and high power output. Tesla’s cars also feature an advanced driver-assistance system known as Autopilot, which uses cameras, radar, and other sensors to assist with driving tasks and increase safety.
Tesla Eyes Gujarat for New EV Plant as Elon Musk’s India Visit Looms Next Month
Goyal and Musk were scheduled to meet during the Minister’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.
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.
Conclusion
Prime Minister Modi’s collaboration with Elon Musk and Tesla signals a pivotal moment for India’s automotive landscape. With the potential establishment of the plant in Gujarat, the nation is poised to become a significant player in the electric vehicle (EV) market. This strategic alliance not only aligns with India’s push for sustainable mobility but also positions the country as a key hub for its global ambitions. The future holds promising prospects for the growth of EV infrastructure, technological advancements, and economic contributions, as India and Tesla join forces to shape the future of sustainable transportation.
Disclaimer: The information presented in this article is based on available sources and may not be 100% accurate.
