Brief by Shorts91 Newsdesk / 06:12am on 13 Jan 2024,Saturday Business
Global electric vehicle (EV) giant Tesla is reportedly in advanced talks to invest nearly $30 billion in India over the next five years, signaling a potential game-changer for the country's EV market. A significant portion of the investment, around $3 billion, is earmarked for immediate production of a new small car from an Indian plant, targeting the developing world. Tesla aims to enter India's luxury car market, contingent on favorable policies, and plans to establish a charging ecosystem. Elon Musk's admiration for India and Prime Minister Narendra Modi reportedly fuels Tesla's interest in the country, marking a pivotal moment for India's EV industry.
