Musk’s Tesla Explores Partnership with Reliance Industries for Indian EV Venture

News Desk 

Islamabad: Tesla, the renowned electric vehicle (EV) manufacturer led by Elon Musk, is reportedly in discussions with Indian conglomerate Reliance Industries for a possible collaboration.

This indicates Tesla’s keen interest in the Indian market, which boasts the world’s largest population.

According to insider sources, talks have been ongoing for more than a month, although they are still in the early stages.

While the exact role of Reliance Industries, chaired by Mukesh Ambani, is yet to be defined, it is anticipated that they will play a pivotal role in establishing manufacturing facilities and supporting infrastructure for Tesla in India.

This potential collaboration does not necessarily signal Reliance’s entry into the automotive sector but rather a strategic move to strengthen India’s EV manufacturing capabilities.

Tesla is reportedly prepared to invest a substantial sum of $2 billion into its Indian venture.

In addition, they have been evaluating various locations for a potential manufacturing plant, with Gujarat and Maharashtra emerging as leading contenders. Maharashtra is favored due to its proximity to port facilities, which would facilitate both domestic distribution and exports.

This development aligns with recent remarks made by Elon Musk, highlighting India’s growing significance. He emphasized the country’s large population and the rising demand for electric vehicles, indicating that Tesla’s expansion into the Indian market is a natural progression.

Senior officials from Tesla are expected to visit India in the near future to finalize the location for the plant and potentially formalize the partnership with Reliance. This visit could pave the way for Tesla’s official entry into the Indian market, potentially transforming the country’s EV landscape.