Tesla Plans to Collaborates With Reliance For EV Plant in India

Reliance Industries Limited might play a significant part in establishing the manufacturing unit and supporting ecosystem for Tesla in India. As per reports by Business Line Tesla is engaged in discussions with Reliance Industries Limited (RIL) for setting up electric vehicle (EV) plant facility in India. According to an insider familiar with the matter, these talks have been in progress for over a month. However, the source emphasised that this should not be concluded as RIL's entry into the automobile sector.

This move by Reliance follows RIL's recent ventures in the electric vehicles, including the launch of India's first hydrogen internal combustion engine-powered heavy-duty truck in partnership with Ashok Leyland in 2023 and the introduction of removable and swappable EV batteries last year.

It's estimated that Tesla has planned $2 billion investment for its forthcoming project in India, with the company exploring various potential locations, including Gujarat and Maharashtra, for the manufacturing plant. However, Maharashtra seems to be gaining traction as the preferred choice, with considerations for its proximity to port facilities, crucial for both domestic operations and exports, as disclosed by insiders.