Tesla in talks with India to set up factory: Report

Tesla has begun discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday.

The prices for the vehicles will start from Rs 20 lakh ($24,400.66), the report added.

The billionaire Elon Musk-led company is also looking at using India as an export base as it plans to ship cars to countries in the Indo-Pacific region, the report said, citing government sources.

Tesla did not immediately respond to Reuters’ request for comment.