Tesla Motors is considering India for its battery manufacturing facility, which will produce lithium-ion battery packs for electric vehicles. Facilities that produce battery packs for electric vehicles are known as ‘Gigafactory'.
During September 2015, the Prime Minister of India, Narendra Modi paid a special visit to Tesla's facility in Silicon Valley. Elon Musk, Founder and CEO of Tesla tweeted out on October 26, 2015, confirming there could be a possibility of setting up a Gigafactory in India
Elon Musk also confirmed that a factory in China and Europe could also be setup, which will take care of the local demand of Electric Vehicles. The Indian facility is also expected to manufacture and provide electric vehicles with Tesla battery packs.
Several countries are adopting electric vehicles for a cleaner and more sustainable future. China is the biggest market for Tesla vehicles and the company has managed to sell over 1,300 models during the third quarter.
Currently, Mahindra e2o is the best-selling electric four-wheeler in the country. The Indian Government is also offering benefits for Faster Adoption and Manufacturing of Electric vehicles (FAME Scheme)*. Should Tesla be heading to India?
*Faster Adoption and Manufacturing of Electric vehicles (FAME Scheme) is a part of the National Electric Mobility Mission Plan, which offers incentives on electric and hybrid vehicles.