Tesla, a popular US-based company, led by Elon Musk is aiming to start EV manufacturing in India by launching a joint venture. Reliance Industries is said to be a possible partner for this venture.
If the JV is launched between Tesla and Reliance, it would be the entry of reliance in the automobile space, which will help India build electric vehicle capabilities on a large scale.
It is noted that last year, Reliance launched removable and swappable batteries for EVs. In 2023, RIL, in partnership with Ashok Leyland, launched India’s first hydrogen internal combustion engine-powered heavy-duty truck. RIL also unveiled removable and swappable batteries for EVs last year.
The company also came into a partnership with automobile company Ashok Leyland for heavy-duty trucks powered by hydrogen internal combustion engines in 2023.
Tesla is likely to invest $2 billion in building EV manufacturing plants in India, which is anticipated to be in Gujarat and Maharashtra.
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