Will TESLA come to Andhra Pradesh now?
Elon Musk, the CEO of tesla, had been scheduled to travel to india on april 21 and 22, however the trip was cancelled. "Very heavy tesla obligations require that the visit to india be delayed, but I do very much look forward to visiting later this year," Musk stated while discussing it back then.
India lowered import duties on electric cars (EVs) in march for foreign automakers that agreed to invest $500 million (£399 million) and begin local manufacture in three years. tesla will make investments in india following the transfer. Elon Musk stated in 2021 that the company was not able to introduce its vehicles in the largest and fastest-growing economy in the world due to the hefty import taxes in India.
India lowered import duties on electric cars (EVs) in march for foreign automakers that agreed to invest $500 million (£399 million) and begin local manufacture in three years. tesla will make investments in india following the transfer. Elon Musk stated in 2021 that the company was not able to introduce its vehicles in the largest and fastest-growing economy in the world due to the hefty import taxes in India.
A few eager states have already begun making plans to draw Tesla. As was to be expected, jagan Mohan reddy was fast asleep over it. On this month's 12th, chandrababu naidu is scheduled to take an oath. Additionally, Nara lokesh will serve in the government. He made a very good job of attracting investments to the state between 2014 and 2024. His initial goal was to make an impression on Elon Musk by providing the required facilities, incentives, and presentation. lokesh ought to present his case even prior to Elon Musk's visitation to India.
The state that wins that will be marked on the global map, because tesla is a highly prominent corporation. Thus, there will be fierce rivalry. If andhra pradesh succeeds in obtaining it, chandrababu naidu will have accomplished more than with Kia Motors. Additionally, it will provide millions of jobs for Andhra's youth. In india, the EV market is still in its infancy. However, a significant increase is anticipated when tesla arrives.