According to Reuters, sources revealed that American electric vehicle manufacturer Tesla has begun to find the site selection in the Show Hall in New Delhi, India, indicating that Tesla is re -considered entering the Indian market.
Sources said that at present, Tesla is negotiating with DLF, the largest real estate developer in India to help Tesla get room for opening the exhibition hall in the Indian capital area. Sources said that it is not certain whether Tesla will reach an agreement with DLF, and Tesla is currently negotiating with other companies.
It is reported that Tesla is looking for a space of 3,000 square feet to 5,000 square feet (about 280 square meters to 465 square meters) to create a consumer experience center. Delivery and service operations.
Sources revealed that Tesla is evaluating multiple sites, including DLF Street Shopping Center in southern Delhi, and Cyber Hub office and retail complex in Gurugram.
Sources added that foreign retailers such as Uniqlo, Spain Mango, and Marks and Spencer in the United Kingdom also opened stores at the DLF Street Shopping Center. Therefore space.
In response to the above reports, Tesla and DLF have not responded to the request for comment.
It is unclear whether Tesla will consider importing cars in India at a tariff rate of up to 100%, or whether it will make investment commitments based on India’s new policy. According to the electric vehicle policy announced in March this year, if the car company invested at least 500 million US dollars in India to produce electric vehicles, and to ensure that 50%of them are from India, and the car company has the right to enjoy the significant import tax of import taxes. Dissetting discounts, the import tax of up to 8,000 electric vehicles per year can be reduced from 100%to 15%.
In April of this year, Tesla CEO Elon Musk said that he would meet with Indian Prime Minister Narendra Modi during his visit. At that time, he may announce an investment of 2 billion US dollars to US $ 3 billion in India. However, due to Tesla’s decline in sales, the company decided to fire 10%of employees, so Musk canceled plans to visit India.
After Tesla failed to fulfill its earlier investment plans, the Indian government is trying to relax certain policy terms in order to attract car manufacturers who have expressed preliminary interest in the Indian market for modern cars and Toyota Motors.
At present, India’s electric vehicle market is very small. Last year, it only accounted for about 2%of the total sales of automobiles in the Indian market. However, the Indian government hopes to increase this ratio to 30%by 2030.