Tesla’s plans for India are part of its larger diversification strategy beyond China, much like other American majors. The major global electric vehicle (EV) company Tesla is presently in advanced discussions to launch a major entry into India. People closely involved with the company’s official business plans say that the company is considering an incredible investment of almost $30 billion over the next five years, which could be a game-changer for the nation’s developing EV landscape. About $3 billion of the planned investment is set aside specifically for the start-of-production manufacture of a new small car at an Indian plant.
$3 billion of the planned investment is set aside specifically for the start-of-production manufacture of a new small car at an Indian plant. This action is intended to serve the needs of the larger developing world. If policy conditions are favorable, Tesla plans to launch its standard brands in the Indian luxury automobile market. Concurrently, the organization intends to initiate the development and examination of a charging infrastructure, an essential element in the extensive integration of electric cars. There are a few possible locations for Tesla’s possible plant in India: Tamil Nadu, Maharashtra, Gujarat, and Haryana. The company is likely to be in a coastal state in the west or south, given its export-oriented plans.
This might be the “Suzuki moment” for India’s electric vehicle industry and the “Apple Plus moment” for the country’s manufacturing goals, according to a person close to the business and involved in project discussions. However, Tesla offers everything at once, in contrast to Apple. Consider Tesla to be more than just an automaker. This is a tech business. It is a critical mineral mining and refining company. It produces semiconductors on-site. It’s a design firm. It introduces a massive ecosystem. This has a huge knock-on effect on other industries. In addition to being a calculated strategic move to diversify beyond China, Elon Musk’s admiration for India and Prime Minister Narendra Modi are evident in Tesla’s interest in the country.
Musk is a huge fan of Modi’s energy and what he has accomplished for India. According to the person with knowledge of Tesla’s philosophy who was quoted above, he discussed with Modi his interest in Indian spirituality and meditation as well as his desire to visit the country.
After a conversation between these two a few months ago,according to Musk, India has a great deal of potential for a sustainable energy future that includes solar energy, stationary battery packs, and electric cards. He also expressed his hope to introduce SpaceX’s Starlink satellite internet service in India. Hue said Modi is really concerned about India as he is driving us to make major investments in India, which is something we plan on doing, Musk told the media after the conversation. I have faith that Tesla will be in India and will do this as quickly as naturally possible. A spokesperson for India’s foreign ministry later tweeted that Musk has been invited by Modi to look into potential investments in the country’s rapidly growing commercial space sectors and electric vehicle market.
