Tesla's Gujarat plant likely to be announced during Vibrant Gujarat in presence of Elon Musk: Report


Tesla is expected to reveal its plans for a manufacturing plant in India in January during the Vibrant Gujarat Summit, with CEO Elon Musk in attendance. Gujarat is seen as an ideal location for Tesla's export-oriented strategy. Tesla was likely to invest up to $2 billion, contingent on a concessional duty of 15% on imported vehicles during the plant's first two years of operation.

Read more at : economictimes

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