Rediff.com  » Business » Tesla, made in Maharashtra? State makes a strong pitch

Tesla, made in Maharashtra? State makes a strong pitch

Source: PTI
October 23, 2020 13:36 IST
Get Rediff News in your Inbox:

Maharashtra is looking for potential investment from the US electric car major Tesla in the state and has held discussions with the company, weeks after Tesla revealed its plans to enter the Indian market.

IMAGE: Prime Minister Narendra Modi visiting the Tesla cmapus in California in September 2015.

State Tourism Minister Aaditya Thackeray said in a tweet on Thursday that Industries Minister Subhash Desai held a video call, in which he also participated, with the Tesla team, inviting the electric car maker to Maharashtra.

 

Maharashtra is already home to a host of domestic and foreign automobile manufacturers with the Chakan Industrial belt near Pune a major automobile hub in the state.

"This evening I had the opportunity to participate in a video call by Industries Minister @Subhash_Desai ji with @Tesla team to invite them to Maharashtra. I was present not because of just the investment but my firm belief in electric mobility & sustainability @elonmusk," Thackeray said in a tweet.

Tesla Inc co-founder and chief executive Elon Musk had earlier this month said the company will enter the Indian market in 2021.

“Next year for sure,” Musk said while replying to a query on Tesla's India plans on Twitter.

An Avendus Capital report in July this year had forecast that the Indian EV market could be a Rs 50,000 crore opportunity by 2025.

Factors such as policies, battery cost, charging infrastructure and supply chain as well as localisation are expected to drive the adoption of EVs in various segments in the country over the next decade, the report noted.

"We are firmly committed to policy building and changes for sustainable development and I personally believe that electric mobility, supported by renewable energy is the way ahead. Let's hope we can help this thought become mainstream soon," Thackeray said in another tweet.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY 

Moneywiz Live!