Elon Musk Tesla team will come to India in April to search site for factory

Elon Musk: The Government of India had announced its new Electric Vehicle Policy (EV Policy) a few days ago. Since then, the possibility of the leading EV company Tesla coming to India was confirmed. Now Tesla's entry in India is confirmed. A team from Tesla is going to come to India at the end of April. The work of this team will be to find the most suitable place to set up a plant in India. This team has its eyes the most on Maharashtra, Gujarat and Tamil Nadu.

Will set up a plant worth 2 to 3 billion dollars

The Financial Times claimed in its report on Wednesday that Elon Musk-led Tesla has prepared a plan to build a plant worth about $2 to $3 billion in India. A team is going to come to India in April to implement this plan. This team of the leading electric vehicle manufacturer Tesla will visit many states and look for the most suitable land for the plant. Tesla's priority are those states where automobile industry already exists.

Tesla sales decline

This news of coming to India has come at a time when Tesla's sales have registered a decline in the March quarter. Tesla has said that it has sold 386,810 vehicles worldwide between January and March. This was 9 percent less than last year's corresponding quarter sales figure of 423,000 vehicles. This decline in sales has come due to the strengthening competition against Tesla. Besides, the number of new customers has also decreased. Sales of Tesla's Model 3 and Y have declined by 10.3 percent on an annual basis to 369,783. At the same time, sales of Tesla X, S and Cybertruck have increased by 60 percent to 17,027 units.

India's EV policy was announced in March

While announcing the new EV policy in March this year, the Indian government had said that if a company invests 500 million dollars in the country and starts production in India within three years, then it will be given exemption in import tax. Tesla had said in July last year that it wants to make an EV car worth about $ 24 thousand in India. In June last year, Tesla CEO Elon Musk also met Prime Minister Narendra Modi.

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