Tesla has made a big plan to enter India, will make cheap EV cars for the poor.
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Tesla EV cars plant plan for India: Tesla Inc., the vehicle manufacturing company owned by the world’s leading industrialist Elon Musk, is trying hard to set up a production plant for electric cars in India. It is reported that Tesla has prepared a big plan to set up its own plant in India. For this, it is talking directly to the Central government of Prime Minister Narendra Modi and the government is also ready to make changes in the electric motor vehicle policy to allow Tesla to enter India and also give it exemption in import duty and tax. After this step of the government, Tesla has agreed to make direct and indirect investment of about $ 30 billion in India during the next five years.
Tesla will make cheap cars in India for developing countries
Quoting sources related to Tesla’s EV car production plant, battery production and related industries, Hindustan Times has revealed in one of its reports that the American electric car manufacturer is manufacturing affordable electric vehicles for the developing countries of the world in its production plant in India. Will manufacture electric cars. After producing cars here, it will export them to the developing countries of the world. For this, Tesla will make direct and indirect investment of about 3 billion dollars.
Batteries and spare parts for EV cars will also be manufactured
Not only this, it will also manufacture batteries and other components used in electric cars in India and along with selling them in the domestic market, it will also export them. For this, it will make direct and indirect investment of about 15 billion dollars. Apart from this, it will invest about 10 billion dollars in partner companies for its cooperation in India.
There will be changes in electric motor vehicle policy
The most important thing is that even after doing so much, if the Modi government at the Center does not change the current electric motor vehicle policy in India, then it will not matter to Tesla. It has agreed to make direct and indirect investments of $30 billion in India only on the condition of change in the electric motor vehicle policy. This simply means that Tesla wants to capture the Indian electric vehicle market and its related industries.
There will be direct competition with Maruti Suzuki
The second most important thing is that if God knows what, Tesla enters India, then it will compete directly with the leading domestic car manufacturer Maruti Suzuki. Maruti played an important role in bringing the car revolution in India in the 1980s. On 16 December 1983, Maruti launched the cheapest car Maruti 800 in the market. Since then, there has been a flood of domestic cheap cars in India.
Tough challenge to local companies
Fears are also being expressed that after the arrival of Tesla in India, there will be a deep adverse impact on the business of many domestic companies. However, some people associated with the electric vehicle industry also believe that after the arrival of this American company in India, the shortage of lithium ion batteries used in EV vehicles will be removed and the availability of their spare parts will become easier. This will reduce the production cost and selling price of electric vehicles in India.
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