Tesla is currently interested in building a car factory in China. It may also have plans to have a battery plant in India. Recently, Elon Musk tweeted about Indian Prime Minister Narendra Modi’s visit to the Tesla Factory while the PM was in Silicon Valley.
“Given high local demand, a Gigafactory in India would probably make sense in the long term,”
Here is Elon Musk’s tweet about PM Modi’s visit to Gigafactory.
Great discussion about solar/batteries empowering rural communities https://t.co/Qte2s55gnP
— Elon Musk (@elonmusk) September 27, 2015
He shared his thoughts while answering a specific question that he would consider a factory in India too. Gigafactory is already established to help produce lithium ion batteries because of the increased production and demand in electric cars.
Industry experts believe that PM Modi’s visit was mainly for the Powerwall battery packs to help India secure off-the-grid power technology. These Powerwall battery packs were initially launched to help substitute the regular power from the grid yet they may eventually become the primary source of storing electricity for households.
China is a market already on cards for Tesla Motors. However, there is no timeline announced for it. Only time will tell if Tesla is interested in moving to the Indian market. But after China, India is the most competitive market in terms of demand, growth and lowering of production costs. The demand for Tesla’s Model 3 may not be that high in India. However, the Indian government may be interested in establishing a production facility like Gigafactory to create more jobs and also help resolve the ever increasing energy demands for the population of over a billion people