Musk’s visit : Tesla executives meet Rajasthan government for India foray

Musk's visit

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Musk’s visit : Rajasthan has offered to ‘sweeten the deal’ for Elon Musk-owned Tesla and customise its offerings to the needs of the EV maker, a report has said. Musk will be in India on April 21 and 22

Elon Musk, the CEO of Tesla, might be setting his sights on India. Here’s a breakdown of the news:

  • Tesla’s India Plans: Tesla is looking to establish a foothold in the Indian market, possibly by setting up a manufacturing plant. This would be a big deal for India’s electric vehicle (EV) industry.
  • Rajasthan’s Pitch: In the race to attract Tesla, Rajasthan has emerged as a contender. Tesla executives recently met with the Rajasthan government to discuss the possibility of setting up a plant there. The initial meeting reportedly went well, and Tesla is expected to further evaluate the state as a potential location.
  • Competition: Rajasthan isn’t the only state vying for Tesla’s attention. Other strong contenders include Gujarat, Tamil Nadu, and Maharashtra. All these states are likely offering Tesla attractive incentives to set up shop.
  • Musk’s Role: While there haven’t been confirmed reports of Elon Musk visiting India himself, his company’s interest seems to be a direct result of recent policy changes by the Indian government. These changes involve reducing import duties on EVs, making it more financially viable for companies like Tesla to manufacture in India. Musk’s visit

Overall, this news indicates a potentially significant development for both Tesla and India’s EV sector. It will be interesting to see which state emerges victorious in this bidding war and how Tesla’s entry shakes up the Indian car market. Musk’s visit

Senior Tesla executives recently held a meeting with the Rajasthan government, as the western state joins a growing list of states looking to woo the Elon Musk-owned EV major, which is scouting for a location for its India foray, a report has said. Musk’s visit

Musk will be on a two-day visit to India on April 21 and 22 and is to meet Prime Minister Narendra Modi. He is also expected to announce some major decisions regarding Tesla and his Starlink internet service. Musk’s visit

The last week’s meeting between Tesla executives with the Rajasthan government was termed as “quite positive”, the Business Standard has reported.  Gujarat, Tamil Nadu and Maharashtra, too, are keen to get Tesla on board. Musk’s visit

Rajasthan said it had marked some land parcels for Tesla in the Bhiwadi industrial town. The EV major would survey the parcels and submit its report to the state’s investment promotion department, the report said.

The state offered to “sweeten the deal” for Tesla and customise its offerings to the needs of the company, it said.

“Around Bhiwadi, the Salarpur or Khushkhera Industrial area would be most compatible for the needs of the company. The area was designed to become an auto hub and already has a presence of auto majors, ancillary industries. These zones are very well connected to the Delhi-Jaipur expressway and have seamless infrastructure support,” an official, who did not wish to be identified, told Business Standard. Musk’s visit

The two zones are part of the upcoming Phase-II of the industrial area of Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO).

Usually the land is e-auctioned in these zones but the state can allot in case of a big-ticket investment. Musk’s visit

The state is pitching its proximity to the National Capital Region (NCR), cheap labour cost, huge land banks, proposed airport near Bhiwadi and a railway cargo terminal to win over Tesla favour. Musk’s visit

A Tesla team from the US is said to be scouting for potential sites for the company’s $2-3 billion electric vehicle plant in India. Musk’s visit

In March, the government slashed import tax to 15 percent from 100 percent on some EV models if a manufacturer invests at least $500 million and sets up a factory too. Musk’s visit

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