Tesla in talks with Reliance to set up EV manufacturing arm
in India
Extract:
The Hindu BusinessLine reports that
Tesla and Reliance Industries are in discussions to establish an electric
vehicle (EV) manufacturing facility in India. The companies are exploring
potential locations in states like Gujarat and Maharashtra for setting up this
plant.
This
initiative aligns with Indian Prime Minister Narendra Modi's "Make in
India" campaign, which aims to attract foreign companies to manufacture
locally and diversify supply chains beyond China.
Senior Tesla
executives are engaging with the Indian government this week to deliberate on
local sourcing of parts and related matters. This move signifies Tesla's
renewed interest in India following previous setbacks in entering the market
due to high import taxes and operational challenges.
My Take:
Elon
Musk: Welcome to Tesla's Toughest Challenge………..17/05/2023
"In my
blog post from 2023, I discussed the significance of Tesla's global expansion
and the challenges it might face in different markets.
The current
news about Tesla's discussions with Reliance Industries to establish a
manufacturing unit in India aligns with the visionary approach I highlighted.
The emphasis
on local production falls in line with my earlier suggestion of adapting to
local manufacturing norms to overcome trade barriers and optimize operational
efficiency."
-----------------------------------------------------------------------------------------------------------------
Same Rules Must Apply to Tesla………18/09/2023
"In my
blog entry from September 2023, I underscored the importance of adhering to
local regulations and policies for companies like Tesla looking to enter new
markets.
The ongoing
talks between Tesla and Reliance Industries regarding local manufacturing in
India echo the essence of my previous discussion.
It's vital for
Tesla to navigate the intricacies of foreign business environments, as
underscored in my earlier writings, to establish a successful and sustainable
presence in a diverse market like India."
Call to Action:
To the Indian government and
business authorities involved in facilitating Tesla's entry into the Indian
market, I urge a collaborative approach that ensures a seamless setup of the
manufacturing arm.
Embracing
transparency in negotiations and aligning policies to encourage green
initiatives and technological advancements will pave the way for a mutually
beneficial partnership between Tesla, Reliance Industries, and the Indian
economy.
With regards,
Hemen Parekh
No comments:
Post a Comment