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Tesla executives hold market entry talks with India investment agency

Tesla executives hold market entry talks with India investment agency

Yashna Bawa 1000 31 Jul 2023

Two senior Tesla executives held talks with officials from India's investment promotion agency on Thursday, as the electric carmaker seeks to enter the world's second-largest car market.

Rohan Patel, Tesla's senior public policy and business development executive for India, and Roshan Thomas, a vice president for supply chain, met with Invest India CEO Nivruti Rai in New Delhi.

The talks focused on Tesla's plans to enter India, including the possibility of setting up a manufacturing plant in the country. Tesla has been considering entering India for several years but has been held back by high import duties on electric vehicles.

The Indian government has said that it is willing to lower import duties on electric vehicles, but Tesla has also been seeking other concessions, such as land allotment and tax breaks.

Patel and Thomas told Rai that Tesla is committed to entering India and that the company is working with the government to resolve the outstanding issues.

"We are very excited about the potential of the Indian market and we are committed to working with the government to make it a success," Patel said.

Rai said that the Indian government is keen to welcome Tesla to India and that the government is working to create a favourable environment for electric vehicle manufacturing.

"We are committed to making India a global hub for electric vehicle manufacturing and Tesla is a key player in this effort," Rai said.

The talks between Tesla and Invest India are a positive sign for the company's plans to enter India. However, it remains to be seen whether the two sides will be able to reach an agreement on all of the outstanding issues.

If Tesla is able to enter India, it would be a major coup for the company. India is a huge market with a growing demand for electric vehicles. Tesla's entry into India would help to accelerate the growth of the electric vehicle market in the country.

The talks between Tesla and Invest India are also a positive sign for the Indian government's efforts to promote electric vehicles. The government has set ambitious targets for the growth of the electric vehicle market in India. Tesla's entry into India would help the government to achieve these targets.

It remains to be seen whether Tesla will be able to enter India, but the talks between the company and Invest India are a positive sign for both sides.


Yashna Bawa

Student

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