According to reports, Tesla is in dialogue with the Indian local government, the electric car manufacturer intends to build a research and development center in India. For Tesla, India is a market they have always wanted to enter but it is difficult to enter.
In 2016, Tesla CEO Elon Musk said that they planned to enter the Indian market, but then this plan has been on hold and has not been realized. Jay Vijayan, then the chief information officer of Tesla, was born in India. He once represented Tesla to India to investigate the possibility of exporting Tesla cars to that country.
At that time, Musk said that he had concerns about local regulatory policies. The Indian government forced foreign manufacturers to produce at least 30% of parts and components in India. This requirement became Tesla’s entry into India. The biggest obstacle to the market.
Subsequently, the Indian industry and commerce department responded that Musk’s statement was not correct, but India hopes that Tesla will build a plant to produce cars locally. However, Tesla’s plan is to import the cars into the Indian market first, and then consider whether to sell them locally Build a factory. There were rumors last year that Tesla showed interest in the construction of a battery factory project in India.
According to the latest report, Tesla has already held talks with the government of Karnataka in India on the establishment of a local R&D center. The source said that Tesla and Karnataka government officials had an exploratory discussion, the company may invest in Bangalore to build a research and development center. Later this month, Tesla and local government officials will have a follow-up meeting, when the state government will provide Tesla with a detailed proposal.
Bangalore is a large industrial center in India, and many automakers have set up factories there. If a local R&D center is established, Tesla will be able to attract local talents and participate in local activities, which will help them enter the Indian market.
Indian consumers prefer smaller and cheaper vehicles, and Tesla’s current products are not suitable for the Indian market. However, for some time now, Tesla has been expressing that it will produce a small, low-priced model.
For more such interesting article like this, app/softwares, games, Gadget Reviews, comparisons, troubleshooting guides, listicles, and tips & tricks related to Windows, Android, iOS, and macOS, follow us on Google News, Facebook, Instagram, Twitter, YouTube, and Pinterest.