Tesla sets sights on establishing supply chain in India: Report

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tax benefits, according to individuals familiar with the matter. As reported by The Economic Times, these discussions indicate a revived interest from the US-based electric vehicle manufacturer in India, which comes shortly after Prime Minister Narendra Modi's meeting with Tesla CEO Elon Musk during his recent visit to the United States, as stated by the sources.

According to sources, Tesla has shown interest in establishing its own supply chain ecosystem in India, despite the government's request for the company to assess the current auto components supply chain within the country. "We asked them about their specific needs and also urged them to consider sourcing their needs from the Indian ecosystem," said a senior government official, who did not wish to be identified.

“But these companies have a well-oiled system of their suppliers. These are initial talks so we are hopeful of making some headway." During the meetings, executives from both Tesla in the US and Tesla India inquired about the incentives framework for the company and its partners in order to establish a manufacturing unit in India, along with the necessary supportive ecosystem, according to knowledgeable sources, ET reported.

The executives also sought further information regarding potential incentives and tax breaks that could be offered to Tesla. ET further noted that in addition to engaging with the government, Tesla has been conducting meetings with industry executives as well.

During a recent gathering organized by the Society of Indian Automobile Manufacturers (SIAM) in the capital, Tesla expressed its intention to bring its own suppliers to India. While the industry body advocated for Indian component manufacturers, highlighting the presence of