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Andhra Pradesh’s Economic Development Board (EDB) has made a pitch before Tesla to set up its port connectivity and abundant land lighting.
Tesla is expected to start its retail operations in India from April.
Even Tesla is expected to enter India this year, Andhra Pradesh is once again trying to attract Elon Musk -owned company, which set up its manufacturing unit in the southern part of the state According to Economic timeCiting the highly placed sources, the report said that the State Economic Development Board (EDB) has made the first pitch. Tesla Its port connectivity and abundant land were highlighted to set up the plant in the state.
The new Telugu Desam Party (TDP) government in Andhra Pradesh began talks with Tesla in October 2024, when its minister Nara Lokesh met the company’s Chief Financial Officer Vaibhav Taneja during his American visit.
After Prime Minister Narendra Modi’s meeting with the ongoing recruitment of Musk and Tesla in India, Andhra Pradesh has renewed its efforts to secure investment, according to Atte Report.
The report states that the state is offering an attractive package of incentives including land parcels to separate itself from other states for the attention of Tesla.
“Port Access will help the company to import cars. Furthermore, if it sets up a manufacturing plant in southern Andhra Pradesh, is a readymade ecosystem of auto companies, battery manufacturers and supporting suppliers, “a formula said. Economic time,
According to reports, Tesla is expected to start his retail operations in India from April. The US-based company has selected places for two showrooms in New Delhi (Aerocity) and Mumbai (Bandra Kurla Complex).
Tesla will initially import vehicles to sell in India with its German feature and establish a manufacturing unit in India if it is first successful with imported vehicles in the country.
Andhra Pradesh is also emphasizing that South India is a major market for EVS, about 60%of India’s four-wheel EV sales, Kerala, Telangana, Tamil Nadu and Karnataka are spread.
Meanwhile, the state has also made efforts to attract the company in the past. In 2017, Chandrababu Naidu signed an MoU with Tesla. Musk committed to provide technical expertise for two solar power storage units in Rayalaseema.
