Tesla Gears Up For India Entry, Plans To Assemble, Set Up Vendor Base In China's South Asian Rival
Portfolio Pulse from Shomik Sen Bhattacharjee
Tesla has agreed in principle to the Indian government's proposal to assemble its electric vehicles in India and establish a local vendor base. The government plans to offer import concessions on necessary components until Tesla sets up its supply chain in India, similar to the smartphone incentive scheme offered to Apple.
June 07, 2023 | 6:18 am
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Tesla's agreement to assemble electric vehicles in India and establish a local vendor base could lead to cost savings and increased market penetration in the country.
Tesla's agreement to assemble its electric vehicles in India and establish a local vendor base will allow the company to benefit from import concessions offered by the Indian government. This could lead to cost savings and increased market penetration in the country, which is a positive development for Tesla's stock.
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