Tesla To Discuss With Centre Factory Plan For New Rs 20 Lakh Car: Report

Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, sources said.

Tesla representatives are set to meet India's commerce minister Piyush Goyal this month to discuss plans to build a factory to produce what the company has described as an all-new $24,000 car, a person with direct knowledge of the matter told Reuters.

Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle.

The meeting with the commerce minister would be the highest-level discussion between Tesla and the Centre since June when Elon Musk met Prime Minister Narendra Modi and said he intended to make a significant investment in the country.