India Awaiting Musk’s Tesla Plan and EV Revolution

Tesla's move to India awaits after EV import duty cut. Industry secretary awaits Musk's manufacturing plan.

Source: Economic Times

EV Policy Boost

India's new EV policy aims to ignite manufacturing. Tesla's response anticipated post-import duty change.

Source: Economic Times

VinFast Leads Way

VinFast sets precedent with new EV facility in Tamil Nadu. Tesla's team to scout Indian locations.

Source: Economic Times

Tesla's $3B Investment

Tesla eyes a $2-3 billion Indian EV plant and $15 billion in local auto part purchases.

Source: Economic Times

Tax Incentive Tied

EV tax breaks linked to $500M investment and local production within 3 years in India.

Source: Economic Times

EV Growth Vision

India aims for 10-15% EV penetration by 2030, driven by new manufacturing and battery infrastructure.

Source: Economic Times

EV Sales Surge

Indian EV sales doubled in 2023, expected to grow 40% in 2024, amidst infrastructure and cost challenges.

Source: Economic Times