Tesla In Talks To Set Up Car Factory In India, EVs To Start At Rs 20 Lakh: Report

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 regiom.

Tesla has started 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 electric vehicles would start from 2 million rupees ($24,400.66), the report added.

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