The India-Tesla deal might be announced during the Vibrant Gujarat Summit in January 2024.
Maharashtra, Gujarat, and Tamil Nadu are being considered for Tesla facilities.
The Elon Musk company may begin with a $2 billion investment.
Collaboration with Indian manufacturers for spare parts and battery production is also expected.
The firm plans to begin with its entry-level trim — ‘The Model 3’.
In the international market, the car costs about $44,380.
However, with customs fees and taxes, the price might range between Rs 70 lakh and Rs 80 lakh.
Regarding the deal, no final decision has been taken.
Union Minister Piyush Goyal visited Tesla’s Fremont plant on November 14.
Elon Musk also met Prime Minister Narendra Modi in New York and said that he wants to visit India in 2024.