Elon Musk misses Vibrant Gujarat Summit What next for the Tesla's future in India?

Tesla plans to gradually enter India, starting with imports in 2024 and establishing a local plant by 2025

Elon Musk misses Vibrant Gujarat Summit What next for the Tesla's future in India?

Tesla, the world's biggest electric car maker, has been keen on a huge potential Indian market for long. The company's founder and CEO Elon Musk has expressed his desire to launch Tesla in India on several past occasions too but he had to face a lot of challenges such as high import duties, a lack of infrastructure, policy uncertainty. However, Tesla registered its subsidiary in India which then opened the possibilities of it soon entering into the country. The senior executives were appointed and a showroom is opened at Mumbai. Further, Tesla was in talks for some sort of import duty and tax breaks with Indian government, as well as on the option to put up a production facility in India. Many had anticipated that the Vibrant Gujarat Global Summit 2024, a biennial event that showcases the state's economic potential and lures global investors, will see Tesla announce its India foray. According to reports, Gujarat would be Tesla's first choice to set up its plant in India w…

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