Elon Musk, chairman of Tesla, a leading car manufacturing company, said good news for India. It has expressed willingness to set up a company (unit) for the manufacture of cars with an annual capacity of 500k electric vehicles. To this extent, the top team is holding discussions with the Government of India. The Made in India Tesla starts at around Rs. Estimated to be 20 lakhs.
On the other hand, Elon Musk sees India as a stable export to the Indo-Pacific markets. It is also important to assess the country’s capacity for a sustainable energy future. Meanwhile, Elon Musk’s Tesla company continues to be the number one in the world’s vehicle manufacturing sector, mainly in terms of electric vehicles.
The company is ruling the worldwide market. Many companies have made vehicles to compete with Tesla, but they have not been able to come close to it. Tata, Mahindra, Hyundai, Kia, and other companies have already focused on India. But they are not impressed. If Tesla opens a computer manufacturing facility, there is a risk of a bit of trouble.