Posts

Showing posts with the label tesla

Tesla begins making cars in Germany for export to India this year -sources

Image
  NEW DELHI/BERLIN, April 4 (Reuters) - Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company's plans told Reuters, as it moves ahead with a possible entry into the world's third-largest car market. A team from Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant that would require an investment of about $2 billion, said two of the three people, who declined to be named because the plans are not public yet. It was not immediately clear which model Tesla plans to export to India. It currently produces only the Model Y at its factory near Berlin. Under the new Indian policy, companies can import up to 8,000 cars a year at the lower tax rate. Tesla did not immediately respond to an email seeking comment outside U.S. office hours. The plans for shipments to India are the first indication of right-hand drive (RHD) cars being produced in Berli