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Tesla's Indian Factory Plans
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Tesla is set to invest up to $2 billion to establish a factory in India if the government reduces import duty. The company is prepared to invest $500 million if the duty is reduced for 12,000 vehicles and up to $2 billion if the duty is extended to cover 30,000 vehicles. India aims to create a favorable environment for electric vehicle (EV) manufacturers, with Tesla planning to increase purchases of auto parts from India to $15 billion and make some batteries in India.
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How might Tesla's investment impact the Indian EV industry and the global EV market?
How might Tesla's investment in India influence the Indian government's policies towards EV manufacturing and sustainability?
What challenges might Tesla face in establishing a factory in India, and how might they overcome them?
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