A decision in this regard is likely to depend on the product portfolio of the electric carmaker, say industry sources. The company is also in talks to rope in local partners.
If the company is setting its sights on a low-cost model targeting the Indian domestic market, it may establish a unit in Maharashtra. On the other hand, if exports top its priority list, Tamil Nadu may seal the deal. However, Gujarat will be an option if it receives sufficient subsidies from the state and central governments to cover logistics losses.
This story is from the July 31, 2024 edition of Business Standard.
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This story is from the July 31, 2024 edition of Business Standard.
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