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India closer to agreement with Tesla to import EVs, set up plant
Tuesday, 21 November 2023
An announcement could come at the Vibrant Gujarat Global Summit in January, one of the people said, declining to be identified because the discussions are private. Gujarat, which is Prime Minister Narendra Modi’s home base, Maharashtra and Tamil Nadu are under consideration because they already have well-established ecosystems for electric vehicles and exports, another person said. Tesla would commit an initial minimum investment in any plant of around $2 billion, one person said.
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