Tesla Hunts for Indian Home: States in a Bidding War

• Electric carmaker Tesla is scouting locations in India for a potential $2-3 billion manufacturing plant.
• This follows a recent Indian government policy offering import tax breaks for foreign EV makers setting up local production.
• Maharashtra, Gujarat, and Tamil Nadu are frontrunners due to their established auto industries and supplier networks.
• Other states like Karnataka and Uttar Pradesh are also making their case with infrastructure and incentives.
• An official announcement on the chosen location is awaited, with Gujarat emerging as a possible frontrunner for a January 2024 reveal.