Tesla may set up EV plant in Gujarat

New Delhi, Dec 28: Elon Musk’s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the ‘Vibrant Gujarat Global Summit’ next month. The announcement is likely to be made in the presence of Tesla CEO and Prime Minister Narendra Modi at the flagship event from January 10-12, according to media reports.

With its strategic location and favourable business environment, Gujarat has emerged as the “preferred destination for Tesla’s manufacturing plans”.

According to Ahmedabad Mirror, the state government has suggested Sanand, Becharaji and Dholera as the site for Tesla to set up its manufacturing plant.

Earlier, Gujarat, Maharashtra and Tamil Nadu were being considered by Tesla to set up its EV plant.

Tesla has been engaged in intense negotiations with the Union Government, seeking concessions that would facilitate a smoother entry into the Indian market.

Source

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