Monday, June 17, 2024
HomeStartup NewsTesla & Reliance May Join Forces for EV Manufacturing Plant in India

Tesla & Reliance May Join Forces for EV Manufacturing Plant in India

Tesla and Reliance Industries are in talks about forming a possible joint venture with the goal of constructing manufacturing facilities in the nation.

Although Reliance Industries’ precise participation is yet unclear, it is anticipated that it will have a significant impact on the establishment of it’s manufacturing site and related ecosystem in India.

Read also – India-based Cornerstone Ventures secures $200 Million of its Second Fund

Additionally, it has been rumored that Tesla Motors would be visiting the nation later this month to find potential sites for its first $2–$3 billion factor partnership for EV manufacturing in India. 

Read also – Israel-Based Data security Company Cyera Secures $300 Million

After more than a month, discussions are still in the early stages. Tesla and Reliance Industries are in talks about forming a possible joint venture with the goal of constructing manufacturing facilities in the nation. They are in talks about forming a possible joint venture with the goal of constructing manufacturing facilities in the nation.

About Tesla

Tesla, Inc. is a multinational American automotive and renewable energy corporation that designs, manufactures, and markets electric vehicles, solar panels, solar shingles, stationary battery energy storage systems ranging from residential to grid-scale, and related goods and services.

About Reliance

Reliance Industries Mumbai serves as the corporate headquarters of the Indian multinational corporation energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles are among its industries.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular