Tesla and Reliance in Communication To set up EV Manufacturing Arm in India

Tesla, a automotive giant in advance talks with Reliance to set up its tasks in India. Profoundly positioned sources say the US electric vehicles major is in chats with Reliance Industries for a potential joint venture to build the manufacturing facility in the nation.   

“Talks are at initial stages and have been ongoing for over a month,” said a person aware of the development. The source said the move shouldn’t be construed as RIL’s entry into the automobile space. RIL’s objective in the joint venture is to build capacities for electric vehicles in India.

“While the role of RIL hasn’t been crystalised yet, it is expected that the Indian conglomerate may play a significant hand in establishing the manufacturing facility and the allied ecosystem for Tesla in India,” said another highly placed source with knowledge of the matter. 

In the year 2023, RIL, in association with Ashok Leyland, introduced India's most memorable hydrogen gas powered motor controlled hard core truck. RIL additionally revealed removable and swappable batteries for EVs last year.

Tesla is said to have committed USD 2 billion to its forthcoming proposals in India. The organization has been taking a seeking at numerous areas, including Gujarat and Maharashtra, for setting up the plant. Sources said that Maharashtra could arise as the favored area. “Tesla plans to use the facility for domestic and export purposes, and hence, it may prefer a location suitable for port facilities,” as per sources.