Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Tesla Nears Deal For Gujarat Plant: Report

- Advertisement -

Tesla is in the advanced stages of discussions to establish its manufacturing plant in Gujarat, with expectations of an official announcement at the upcoming Vibrant Gujarat Summit in January 2024. The state’s favourable business climate is a significant draw for Tesla, and the Gujarat government has proposed Sanand, Becharaji, and Dholera as potential locations for the plant. Sources familiar with the matter indicated that Gujarat’s alignment with Tesla’s export-focused strategy is ideal for meeting both domestic and international market demands.

In its quest to enter the Indian market, Tesla has been actively negotiating with the Central government, seeking various concessions to ease regulatory barriers and create a supportive business environment for its operations in India. These discussions have been ongoing as part of a larger effort to address Tesla’s concerns and requirements.

Previously, Tesla has been in prolonged negotiations with Indian authorities, showing interest in establishing a manufacturing facility in the country. Additionally, Tesla has expressed a desire for reduced import taxes on some of its high-end models.

- Advertisement -

Should Tesla finalize its decision to set up shop in Gujarat, it would be joining an elite group of automobile companies, including Maruti Suzuki, Tata, and Morris Garage, that have already established manufacturing bases in the state.

- Advertisement -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Our Manufacturing Setup In UK Is Highly Competitive!”

0
Harwin is a global supplier of connectors. Their claim to fame is that they provide quality products at unbelievable pricing. With manufacturing units in...

“We are Not a Locker Manufacturing Company; We are a Logistics Company”

0
With plans to blend logistics and e-commerce, Podrones envisions revolutionising the logistics sector. Founder Aniruddha Gupte told EFY’s Yashasvini Razdan all about the startup’s...

Union Budget 2024-25: What Can The Electronics Sector Expect?

0
Focusing on localisation in the electronics ecosystem, the first Union Budget post-elections has revamped customs duties on raw materials and equipment, extending support for...

Buzz

India Gives Big Policy Boost To Renewable Energy sector

0
Aiming to bolster India's green transition, the fiscal 2025 budget allocates $13.9 trillion to the renewable energy and power sector, boosting solar module production. During...

MeitY Seeks Firm To Oversee Semiconductor Program

0
To ensure effective monitoring, MeitY is seeking an agency to look after the Semicon India Program's implementation, fiscal support, and progress. The Ministry of Electronics...

Visteon Bags Orders Worth $3.1B In H1 With Digital Cockpit, EV Growth

0
Displays account for almost $1.8 billion in recent orders. These include a substantial, curved OLED display for a luxury vehicle platform, a dual display...

Important Sectors

India Gives Big Policy Boost To Renewable Energy sector

0
Aiming to bolster India's green transition, the fiscal 2025 budget allocates $13.9 trillion to the renewable energy and power sector, boosting solar module production. During...

MeitY Seeks Firm To Oversee Semiconductor Program

0
To ensure effective monitoring, MeitY is seeking an agency to look after the Semicon India Program's implementation, fiscal support, and progress. The Ministry of Electronics...

Visteon Bags Orders Worth $3.1B In H1 With Digital Cockpit, EV Growth

0
Displays account for almost $1.8 billion in recent orders. These include a substantial, curved OLED display for a luxury vehicle platform, a dual display...

Foxconn Plans To Assemble iPads In India

0
Complementing Apple's diversification strategy away from China, Foxconn aims to tap into India's growing supply chain, planning to assemble Apple's iPad in Tamil Nadu.  Foxconn's...

Mobile Makers Invested ₹82.82 Billion Under PLI Till June

0
Combining the investment of greenfield and brownfield companies, 32 companies invested ₹82.82 billion under India's PLI scheme for large-scale electronics till June, revealed Minister...

Manufacturing

MeitY Seeks Firm To Oversee Semiconductor Program

0
To ensure effective monitoring, MeitY is seeking an agency to look after the Semicon India Program's implementation, fiscal support, and progress. The Ministry of Electronics...

Government Calls For Increased Local Production In EV Manufacturing

0
In recent talks with stakeholders, the ministry proposed lowering the number of components covered under the Phased Manufacturing Programme (PMP) in FAME-III from 18...

Ministry Proposes Reduced PMP Components for FAME-III

0
Eyeing to spark local EV-manufacturing boom under the FAME-III scheme, the Ministry of Heavy Industries proposed to reduce the phased manufacturing programme components. The Ministry...

Budget’24-25: MeitY’s Allocation Soars 52% to ₹219.36 Billion

0
Eyeing to boost India’s position in the global semiconductor industry, this time, Union Budget increased MeitY’s funding by 52% to ₹219.36 billion due to...

Nefab Opens Second Semiconductor Packaging Facility In Malaysia

0
Boosting advanced sustainable manufacturing practices, Nefab has established a new semiconductor packaging plant in Batu Kawan, Malaysia, which will be fully operational next year. Nefab,...