Brief by Shorts91 Newsdesk / 06:50pm on 08 Apr 2024,Monday Business
Tesla CEO Elon Musk announced plans for the introduction of electric vehicles (EVs) in India, following reports of land offers from Maharashtra, Gujarat, and Telangana for a manufacturing plant. With a potential investment between USD 2 to 3 billion, the plant aims to meet both domestic and international demand. India's new EV policy, requiring a minimum investment of ₹4150 crore and significant domestic value addition, aligns with Tesla's entry strategy. Union Minister Nitin Gadkari also expressed confidence in eliminating petrol and diesel cars, emphasizing India's transition towards sustainable transportation.
