Elon Musk’s Tesla will open its first factory in India in Gujarat, with an announcement expected during the Vibrant Gujarat event.


Tesla will open its first factory in India in Gujarat, with the announcement is likely to be made at the Vibrant Gujarat Summit in January 2024.

Elon Musk's Tesla will open its first factory in India in Gujarat
Elon Musk’s Tesla is likely to enter India with its first manufacturing plant in Gujarat.( Pics Credit: Fox Buisness)

 

Tesla plans to open a manufacturing unit in Gujarat, India, next year. According to media sources, the negotiations for the establishment of the EV maker’s first production plant in India have reached their last stage and are expected to be completed soon. The Tesla manufacturing unit in the state is expected to be announced at the forthcoming Vibrant Gujarat Summit in January 2024, according to Ahmedabad Mirror.

Gujarat has long been a strategic place for the commercial environment. Automakers such as Maruti Suzuki already have production plants in the state. According to the Ahmedabad Mirror, the Tesla production plant could be located in Sanand, Becharaji, or Dholera.

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There has been no formal announcement in the subject from either the EV manufacturer or the state government as of yet. Rushikesh Patel, the Gujarat Health Minister and government spokesperson, has voiced confidence about Elon Musk’s involvement in Gujarat.

Gujarat Minister Rushikesh Patel drew a connection between Gujarat’s knowledge and alignment with Tesla’s overarching ambitions during a Cabinet briefing on Thursday.

He further stated that the government is currently negotiating with the EV manufacturer to clinch the deal for the establishment of the manufacturing plant in Gujarat.

According to media sources, Gujarat has emerged as a top location for Tesla to set up its production factory, not only because of the state government’s policies, but also because of its proximity to ports, allowing the company’s products to be exported. Because of its proximity to the Kandla-Mundra port in Gujarat, the EV manufacturer can increase its exports from India from areas like as Sanand.

The dynamic Gujarat Global Summit was conceived in 2003. The Vibrant Gujarat Summit will commemorate “20 years of Vibrant Gujarat as the Summit of Success” in its tenth edition. The summit is a global event for corporate networking, knowledge sharing, and strategic alliances for inclusive growth and long-term development.

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