Sunday 22 12 2024 01:26:34 PM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

info@example.com

example.mail@hum.com

Tamil Nadu pitches for Elon Musk’s new EV factory in India ahead of the billionaire’s visit despite competition from other states
Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit.
Dr.G.R.Balakrishnan Apr 13 2024 Logistics News (Roadways & Railways)

Tamil Nadu pitches for Elon Musk’s new EV factory in India ahead of the billionaire’s visit despite competition from other states

“Tamil Nadu will be pitching for all opportunities of electric vehicle manufacturing from all global car majors,” T. R. B Rajaa, the state’s minister for industries said, when asked if Tesla was on his radar. He added that the province, often called the Detroit of India for its automaking prowess, has country’s “best electric vehicle policies and ecosystem.”

Chennai, the capital city of Tamil Nadu, is wooing Tesla considering it’s already home to the manufacturing facilities of Nissan Motor Co., Renault SA, Hyundai Motor Co. and BMW AG and the auto parts supply chains that feed them. But it’ll face stiff competition from other Indian states that are also petitioning Musk.

Demand for EVs in India, by contrast, is still on the rise. India also cut the import duty on EVs last month and said to get tax concessions, foreign companies will have to invest at least 4,150 crore rupees ($500 million) and start producing EVs from a local plant within three years.

Tamil Nadu is “already the automotive capital of the country,” said Rajaa. Now “we will aim at making the state the EV capital too”.