Tag: tesla india

Commerce Minister Piyush Goyal to meet Elon Musk, Tesla’s India foray on agenda; will also interact with POTUS
10Nov By adminNo Comments
Technology

Commerce Minister Piyush Goyal to meet Elon Musk, Tesla’s India foray on agenda; will also interact with POTUS

[ad_1] Union Commerce and Industries Minister Piyush Goyal is scheduled to visit the US from November 13-17 to attend the Indo-Pacific Economic Framework (IPEF) ministerial meeting and has been invited to attend the Asia-Pacific Economic Cooperation Summit in San Francisco.On the day of his arrival, the minister is scheduled to meet with Tesla chief Elon Musk, sources familiar with the plans told ANI. The meeting between Goyal and Musk will stress Tesla's plans of foraying into India and the manufacture of more Tesla components in the country. This meeting comes almost four months after Musk met Prime Minister Narendra Modi in New York City and expressed his interest in making significant investments in the country.The Union minister will also interact with two top US officials, includi...
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Elon Musk-led Tesla signs 5-year office lease deal in Pune’s Viman Nagar
2Aug By adminNo Comments
Technology

Elon Musk-led Tesla signs 5-year office lease deal in Pune’s Viman Nagar

[ad_1] Days after two of its senior executives reportedly had a meeting with Invest India officials last week to discuss plans of entering India and setting up a manufacturing eletric vehicle plant, Elon Musk's company Tesla India Motor & Energy Pvt Ltd has leased an office space in Panchshil Business Park in Viman Nagar, Pune.The electric car manufacturer has entered into a five-year lease agreement with Tablespace Technologies Pvt Ltd to lease 5,850 sq.ft office on the first floor of B wing in Panchshil Business Park. Tesla will pay a monthly rent of ₹11.65 lakh and a security deposit of ₹34.95 lakh for leasing the space for 60 months. The lease deal will include five car parks and 10 bike parks as per the agreement registered on July 26, 2023, according to the documents accesse...
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India asks Tesla to copy Apple in pairing Chinese, Indian suppliers
2Aug By adminNo Comments
Technology

India asks Tesla to copy Apple in pairing Chinese, Indian suppliers

[ad_1] As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter.Tesla has been in talks with India for weeks about setting up a factory which will potentially build a $24,000 car for local sales and exports, however strained India-China ties threaten to complicate Tesla's plans for bringing in Chinese suppliers. Tesla founder Elon Musk is seeking to expand beyond the company's biggest foreign base of China where regulatory approvals for expansion are slow to come. But Chinese suppliers could be critical if Tesla were to establish a plant in India and keep costs in check for a cheap EV. India does not have l...
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Tesla executives hold market entry talks with India investment agency
29Jul By adminNo Comments
Technology

Tesla executives hold market entry talks with India investment agency

[ad_1]  Two senior Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks.The U.S. carmaker has expressed an interest in building a factory in India that would produce a low-cost electric vehicle (EV) priced at $24,000, around 25% cheaper than Tesla's current entry model, for both the Indian market and export. The U.S.-based executives - senior public policy and business development executive Rohan Patel, and a vice president for supply chain, Roshan Thomas - are currently in New Delhi and met officials from the Invest India agency, the two sources said, declining to be identified as the discussions were private. ...
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Tesla to discuss factory plan for new $24,000 car with India commerce minister -source
25Jul By adminNo Comments
Technology

Tesla to discuss factory plan for new $24,000 car with India commerce minister -source

[ad_1] Tesla representatives are set to meet India's commerce minister this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters.Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle. The discussions represent a sharp reversal for the company after efforts last year to reduce import taxes on EVs shipped to India were scuppered by calls from government officials to commit to making cars locally. The meeting with the commerce minister would be the highest level discussion between Tesla an...
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After PM Modi’s US visit, Google, Amazon, and Microsoft announce BIG tech investments in India
24Jun By adminNo Comments
Technology

After PM Modi’s US visit, Google, Amazon, and Microsoft announce BIG tech investments in India

[ad_1] As Prime Minister Narendra Modi concluded his state visit to the US that was aimed at improving the partnership between India and the Western superpower in technology, three major corporations including Google, Amazon, and Microsoft have announced individual tech investments in India. The companies will make big capital investments and offer technology cooperation to develop the digital infrastructure of the country.Google CEO Sundar Pichai announced today, June 24, that the company will open its global fintech operations centre in Gujarat's Gandhinagar's GIFT City district. Not only that, but the search engine giant has also committed to investing in India through its $10 billion digitization fund. “It was an honour to meet PM Modi during the historic visit to the US. We shared ...
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Tesla CEO Elon Musk meets PM Modi; says “Tesla coming to India”
21Jun By adminNo Comments
Technology

Tesla CEO Elon Musk meets PM Modi; says “Tesla coming to India”

[ad_1] On the first day of his historic USA state visit, Prime Minister Narendra Modi spoke with the Indian diaspora in New York and met a few influential technology leaders including the Twitter owner, and Tesla and SpaceX CEO Elon Musk. And according to Musk himself, meeting the Indian leader has left him impressed. Speaking to reporters after the meeting, Musk said, “I am a fan of Modi”. But that's not all, the billionaire entrepreneur also made a big revelation about Tesla cars coming to India.Answering a reporter's question after the meeting on the timeline when Tesla might come to India, he said, “I am confident Tesla will be in India and will do so as soon as humanly possible”. He added that Tesla is likely to finalise a location to set up its India factory by the end of 2023. El...
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Nitin Gadkari, Elon Musk, China and India: What he said
9Dec By adminNo Comments
Technology

Nitin Gadkari, Elon Musk, China and India: What he said

[ad_1] Union Minister Nitin Gadkari said if Tesla founder Elon Musk wants to manufacture in India, then he is welcome. Union Minister Nitin Gadkari said if Tesla founder Elon Musk wants to manufacture in India, then he is welcome. "If the manufacturing happens in China than in India, they will not get concession for marketing. If they do manufacturing in India, in any state, then they will be benefited," the minister stressed. American electric carmaker Tesla, which has been seeking reduction in import duties to sell its vehicles in India, will not manufacture its products locally unless it is allowed to first sell and service its cars in the country, Musk had earlier said. Union minister Nitin Gadkari on Friday said he is an avid foodie and the first serious thought that comes t...
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Tesla’s Former India Policy Chief To Join E-Scooter Startup Ather Energy
4Nov By adminNo Comments
Technology

Tesla’s Former India Policy Chief To Join E-Scooter Startup Ather Energy

[ad_1] Tesla's former India policy chief is joining homegrown electric scooter startup Ather Energy, one of the best-funded fledgling firms in a sector attracting record investment. Tesla Inc.'s former India policy chief is joining homegrown electric scooter startup Ather Energy Pvt, one of the best-funded fledgling firms in a sector attracting record investment. Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at the firm based in the southern technology hub of Bangalore, a person with knowledge of the matter told Bloomberg News. Khurana will join as a vice president, though his specific role there is unclear, the person said, declining to be named as the matter is not public. Ather, which competes with local...
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