Tesla on Indian Roads Soon? Govt Nears Deal with Automaker 

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Tesla to Ship Cars to India from 2024 

Tesla and the Modi government are closing in on an agreement which would allow the automaker to ship its cars to India from 2024, the news agency Bloomberg reported. 

Tesla Factories to be Set Up in India Within Two Years

The agreement also includes the condition of setting up Tesla factories in India within two years. 

Maharashtra, Gujarat & Tamil Nadu Under Consideration for Project 

Bloomberg reports that Maharashtra, Gujarat and Tamil Nadu are under consideration as they already have well-established ecosystems for electric vehicles (EV) and exports. 

The Investment 

Tesla will commit an initial investment of around $2 billion in any factory. The automaker would look to increase purchases of auto parts from India to as much as $15 billion.