Elon Musks Tesla Eyes Gujarat For Its First Manufacturing Plant In India

New Delhi: Tesla is prepared to make its debut in India with a manufacturing facility in Gujarat scheduled for January 2024. The announcement about Tesla's manufacturing unit in the state is expected to occur during the forthcoming Vibrant Gujarat Summit as per the Ahmedabad Mirror report. Gujarat has been a key business location for many years.

Recently, Gujarat Health Minister and government spokesperson Rushikesh Patel expressed optimism about Elon Musk's investment in Gujarat.  (Also Read:Ratan Tata Turns 86 On Dec 28: Check His Net Worth, Car Collections, And More)

As per the reports, the state government has supposedly presented Sanand, Dholera, and Becharaji as potential locations for the plant. Tesla's goal is to meet demands from both the local and international markets by utilizing the Gujarat facility. 

Tesla plans to localize 20% of car components within two years, increasing to 40% in four years. The company is looking to launch its Model 3, Model Y, and a more budget-friendly hatchback in the Indian market. With a concessional import duty, the prices of these models could be significantly reduced, making them more accessible to Indian consumers.