Tesla Reportedly Wants To Set Up Its Own Supply Chain Ecosystem In India To Maintain Quality Standards
Portfolio Pulse from Arpit Nayak
Tesla Inc (TSLA) is in talks with the Indian government to establish its own supply chain ecosystem in India. The company is seeking clarity on incentives and tax breaks for setting up a manufacturing unit in the country. Tesla is also considering building a factory with an annual capacity of up to 500,000 electric vehicles and using India as an export base. The discussions indicate Tesla's renewed interest in India following a meeting between CEO Elon Musk and Prime Minister Narendra Modi.
July 13, 2023 | 6:57 am
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Tesla's discussions with the Indian government to establish its own supply chain and a manufacturing unit in India could potentially boost the company's production capacity and market reach.
If Tesla successfully establishes its own supply chain and a manufacturing unit in India, it could significantly increase its production capacity. This could potentially lead to an increase in sales and revenue. Furthermore, using India as an export base could expand Tesla's market reach, particularly in the Indo-Pacific region. These factors could have a positive impact on Tesla's stock price.
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