Brief by Shorts91 Newsdesk / 07:53am on 10 Apr 2024,Wednesday Business
Tesla is reportedly in early talks with Reliance Industries Limited (RIL) to set up a joint venture for building an electric vehicle (EV) manufacturing plant in India. The discussions, ongoing for over a month, aim to leverage RIL's capabilities without signaling its entry into the automobile sector. Tesla plans to invest $2 billion for its Indian ventures, eyeing locations like Gujarat and Maharashtra for the manufacturing site, with Maharashtra possibly leading due to its port infrastructure. However, no final decision has been reached yet.
