Maharashtra govt invites Tesla to invest in the state

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Tesla is speculated to be in conversation with the Maharashtra Government for the investment in the state. This is further confirmed by a tweet of Maharashtra’s Tourism Minister Aaditya Thackeray, Thackeray tweeted, “This evening, I had the opportunity to participate in a video call by industries minister @Subhash Desai Ji with the Tesla team to invite them to Maharashtra. I was present not just because of investment but my firm belief in electric mobility and sustainability.” Mr. Thackeray and the state industry minister Subhash Desai conducted a video call with a team from Tesla. The video call was a stepping stone for the potential investment in the state. Tesla, the electrical carmaker, is likewise in early-stage conversations with the manufacturers of the Karnataka government for establishing a research and development center in Bengaluru.

Elon Musk, Tesla CEO, has also been very open about the American electric carmaker’s proposal to join the Indian auto market. Also, he tweeted that Tesla EVs will start to invest in India from January 2021. Since the outbreak of COVID-19, companies are withdrawing their investments from China, and consequently, India has become the most preferred destination for upcoming and new acquisitions. Tesla and many other foreign companies are keen to establish their units in various states of India. Preferably, Maharashtra, Tamil Nadu, Telangana, Andra Pradesh, and Karnataka are attracting foreign brands to the auto section.

The Tesla R & D center is established in Bangalore; it will become the second center of the American electric car manufacturer outside the USA, an extraordinary India milestone. Noteworthily, diverse modern auto companies have taken Bangalore as their headquarters. The state administration is trying to invest over INR 31,000 crore in research and development and environmentally-friendly vehicles. Tesla has emerged as the various likely auto brand with unwaveringly boosted sales volumes. The Gigafactory of Tesla in China has manufactured above 50,000 units in the first half of 2020. Consequently, which helped Tesla becoming the best-selling EV carmaker. 

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