Forward of Elon Musk’s go to to India and assembly with Prime Minister Narendra Modi, and an anticipated announcement of his funding within the nation, Tamil Nadu is priming itself as much as turn into the subsequent vacation spot for Tesla.
In line with a report in Bloomberg, Tamil Nadu will aggressively pitch itself as a producing website for the electrical vehicle-maker.
The state’s minister for industries TRB Rajaa mentioned, “Tamil Nadu shall be pitching for all alternatives of electrical automobile manufacturing from all world automotive majors,” when requested about if Tesla is on its radar. The state has the nation’s finest automobile insurance policies and ecosystem, he mentioned.
Rajaa, calling Tamil Nadu the ‘automotive capital’ of the nation mentioned that they may now intention to make the state the EV capital too.
Tamil Nadu is already dwelling to the manufacturing services of Nissan Motor, Renault SA, Hyundai Motor, and BMW AG. Tesla’s coveted manufacturing plant would solely bolster Tamil Nadu’s repute as a business-friendly state, and one which helps creation of jobs.
In the meantime, India has reduce the import responsibility on EVs final month. It provided tax concessions to overseas corporations that will make investments a minimum of Rs 4,150 crore and begin producing EVs within the native plant inside a timeframe of three years.
Elon Musk, in a social media put up on X, mentioned that he’s wanting ahead to assembly PM Modi throughout his India journey. The Tesla CEO had final met PM Modi in the course of the chief’s go to to the US final yr.