A group of senior Tesla executives will be visiting India this week to meet with government officials to discuss local sourcing of components for Tesla electric cars. The visit is seen as an indication of improving relations between India and the US-based EV maker.
Tesla has been vocal about the high import taxes levied on cars in India. While the company is keen to tap into the Indian market, the government has asked to avoid selling vehicles that are manufactured in China.
Earlier, Tesla CEO Elon Musk had stated that the company won't set up manufacturing units in any location where it isn't allowed to first sell and service its vehicles. However, given the ongoing trade tensions between the US and China, American companies are evaluating their options outside China.
The visit of Tesla executives to India is a positive development for both the company and the country. It could lead to Tesla setting up manufacturing facilities in India, which would create jobs and boost the local economy. It would also give Indian consumers access to Tesla's electric cars, which are some of the best in the world.
The visit is also a sign that Tesla is serious about expanding its presence in Asia. India is a large and growing market, and Tesla could tap into a significant market share if it is able to overcome the challenges of doing business in the country.
The visit of Tesla executives to India is a positive development for both the company and the country. It will be interesting to see what comes out of the discussions between Tesla and the Indian government.
Here are some of the key points to watch out for during the visit:
Will Tesla agree to source components locally?
Will the government lower import taxes on Tesla cars?
Will Tesla set up manufacturing facilities in India?
The answers to these questions will have a significant impact on the future of Tesla in India.