Key highlights:

  • Tesla is said to have initiated talks with the government to enter India
  • Looking to enter the market through the single-brand retail route
  • The government is expected to formally reply to Tesla over the next few weeks

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US-based electric car manufacturer Tesla is said to have initiated talks with the government to enter India. They are looking to enter the market through the single-brand retail route, according to a TOI report.

The report quoting unnamed sources said that the company has written to the government suggesting their interest in entering the market through the single-brand retail window.

The single-brand route comes with various riders such as the 30% local sourcing norms from India itself.

This development comes after Tesla CEO Elon Musk in June tweeted that they were in discussions with the Indian government and requesting them for temporary relief on import penalties or restrictions until a local factory is built.

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