© Reuters. FILE PHOTO: The brand of automotive maker Tesla is seen at a department in Bern, Switzerland, October 28, 2020. REUTERS/Arnd Wiegmann/File Photograph/File Photograph
BENGALURU (Reuters) – Tesla ( NASDAQ: ) has begun discussions with the Indian authorities on an funding proposal to construct a automotive manufacturing unit within the nation with an annual capability of as much as 500,000 electrical automobiles, the Instances of India reported on Thursday.
Costs for the electrical vehicles will begin at 2 million rupees ($24,400.66), the report added.
Tesla didn’t instantly reply to Reuters’ request for remark.
The billionaire Elon Musk-led firm can also be contemplating utilizing India as an export base because it plans to provide vehicles to nations within the Indo-Pacific area, the report stated, citing authorities sources.
In a gathering with Musk final month, Indian Prime Minister Narendra Modi pushed the carmaker to make “important investments” within the nation.
($1 = INR 81.9650)
