Elon Musk in talks to set up Tesla factory in India; car prices may start at Rs. 20 lakh
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Tesla is in talks with the Indian government to set up a Gigafactory in India with the capacity for manufacturing 500,000 electric vehicles annually. For years, Tesla has been thinking about whether to set up a plant in India, but the plans seem to have moved forward with Elon Musk-led company in talks about making India the export base for the Indo-Pacific region, as per a report by the Times of India.Tesla's India plansAt present, Tesla's biggest plant remains in China with a reported annual manufacturing capacity of nearly 750,000 units. However, tech companies like Apple and Samsung have been looking to establish plants in alternative countries in a bid to boost sales in other regions as well as to minimize production losses caused by the country's tight restrictions. It seem...