Incoming information shows that Tesla, which is looking for a re-emergence, is preparing to open up to the Indian market. It is said that the low tax policy that the country’s government started to implement for companies producing electric vehicles was also very effective in this decision. The most important condition for this was to establish a production facility worth more than 500 million dollars in the country within 3 years.
The development, which immediately took Tesla management into action, seems to accelerate the company’s entry into the South Asian market. It has been known that Elon Musk, who holds the position of CEO, has been keen on this issue for a long time. Here are the most important details…
Will Tesla expand to the Indian market?
India’s other demand from electric car manufacturers was that 25% of the production in the country be provided by local suppliers. It is said that Tesla management, which thinks that it can easily meet these conditions, has already started to explore the region.
It is also said that Musk, who has been in contact with the Indian administration for years, may organize a special visit to the country. Some investment experts claim that if this initiative is successful, it will significantly increase the company’s share value.
Is Tesla entering India?
Let us point out that the biggest reason why the Indian government will implement such a large tax cut is to reduce oil imports. The administration, which wants 30% of the vehicles sold in the country to be electric by 2030, may also take other initiatives in this regard. In addition, in the country with a huge population, it is frequently complained that gasoline vehicles pollute the environment more than electric ones.
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So what do you think about this issue? Do you think the electric vehicle strategy implemented by India is correct? Will Tesla be successful in this venture? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.