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Elon Musk’s Tesla is exploring constructing a multibillion dollar electric vehicle factory in India as the country’s prime minister seeks to put the brakes on China’s dominance.
Tesla is planning to send a team to India later this month to hunt for possible locations for the plant which could be worth as much as $3bn (£2.4bn), the Financial Times reported.
The electric carmaker’s hunt for an Indian factory site comes after officials in New Delhi agreed to cut tariffs on electric car imports for manufacturers which invest $500m in a plant in the country within three years.
– The Telegraph
