Brief by Shorts91 Newsdesk / 08:38pm on 08 Nov 2023,Wednesday Business
Indian Commerce Minister Piyush Goyal is set to meet Tesla CEO Elon Musk in the United States next week, marking a significant step in Tesla's entry into the South Asian market. Discussions will revolve around Tesla's Indian factory establishment, manufacturing a $24,000 car locally, sourcing components, and developing a nationwide charging infrastructure. Talks will also address India's new policy, allowing reduced tax rates of 15% for fully built EV imports, provided automakers commit to local manufacturing. The meeting aims to ensure the ongoing discussions between India and Tesla are progressing positively. Both Tesla and Indian officials have not yet commented on the matter.
