Electric vehicles are on the boom and Tesla is leading the pack with its electric cars now the rumors are that they are coming to India.
Now that’s too sudden and too big to digest so what exactly is going on?
In the year 2024, Tesla is poised to establish its car manufacturing plant in Gujarat though nothing is officially confirmed yet, there is a chance that they are going to officially announce it in the presence of Tesla’s CEO Elon Musk and India’s Prime Minister Narendra Modi during the vibrant Gujarat summit in January.
Why in Gujarat?
Well, for years Gujarat has been a strategic location for the business environment and we can’t forget that even Maruti Suzuki’s manufacturing unit is placed in this state only. Due to Tesla’s export-oriented approach, they are on the constant path to satisfy both domestic and international demands, and what better place other than Gujarat aligns with their vision?
Tesla has been in rigorous negotiations with the Union Government, seeking concessions that would allow it to enter the Indian market more smoothly.
Elon Musk also revealed that he was keen to make significant investments in India.
Tesla coming to India would be beneficial for everyone as it is predicted that India’s EV market has the potential to achieve over 40 percent penetration with $100 billion in revenue by 2030.
So, it would be interesting to see how Elon Musk is going to penetrate India’s EV market and if he can make a profit out of it.
