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Tesla in talks with Reliance for a JV to set up EV manufacturing arm in India
Tesla is said to be in talks with Reliance Industries for a joint venture to start manufacturing facility in India
Dr.G.R.Balakrishnan Apr 10 2024 Logistics News (Roadways & Railways)

Tesla in talks with Reliance for a JV to set up EV manufacturing arm in India

“While the role of RIL hasn’t been crystalised yet, it is expected that the Indian conglomerate may play a significant hand in establishing the manufacturing facility and the allied ecosystem for Tesla in India,” said another highly placed source with knowledge of the matter. In 2023, RIL, in partnership with Ashok Leyland, launched India’s first hydrogen internal combustion engine-powered heavy-duty truck. RIL also unveiled removable and swappable batteries for EVs last year.

Tesla is said to have committed $2 billion to its upcoming plans in India.

It is said that the company could choose Maharashtra to set up the manufacturing plant. “Tesla plans to use the facility for domestic and export purposes, and hence, it may prefer a location suitable for port facilities,” said a source quoted above.

Senior officials of Tesla are expected to visit the country to finalise the plant location in a month or so and crystallise on the joint venture with RIL. It is said that Tesla may search for another domestic partner if the ongoing current talks do not yield desired result.