Tesla battery supplier Panasonic in talks to set up plant in India

The carmaker has asked its other battery suppliers also to initiate talks for hubs

Tesla, elon Musk

Nitin Kumar New Delhi
In a strategic move aimed at solidifying its supply chains before entering the Indian market, Texas-headquartered electric-vehicle (EV) manufacturer Tesla has asked its battery suppliers to initiate negotiations with the government to set up battery-manufacturing units in the country, Business Standard has learnt.

The move comes after Tesla’s chief executive officer (CEO), Elon Musk, announced his plans of entering the Indian market.
Panasonic Energy, one of Tesla’s top battery suppliers, has approached the Indian government on setting up a battery-manufacturing unit.

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First Published: Jul 13 2023 | 10:27 PM IST

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