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© Reuters. FILE PHOTO: The brand of automotive producer Tesla is seen at a department workplace in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photograph/File Photograph
BENGALURU (Reuters) – Tesla (NASDAQ:) has began discussions with the Indian authorities for an funding proposal to arrange a automotive manufacturing facility within the nation, with an annual capability of as many as 500,000 electrical autos, the Instances of India reported on Thursday.
The costs for the electrical autos would begin from 2 million rupees ($24,400.66), the report added.
Tesla didn’t instantly reply to Reuters’ request for remark.
The billionaire Elon Musk-led firm can be taking a look at utilizing India as an export base because it plans to ship vehicles to nations within the Indo-Pacific area, the report stated, citing authorities sources.
In a gathering with Musk final month, Indian Prime Minister Narendra Modi pushed the automotive maker to make a “important funding” within the nation.
($1 = 81.9650 Indian rupees)
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