Exclusive: Tesla proposes building battery storage factory in India -sources

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Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to enter the country.

overseen directly by Prime Minister Narendra Modi. Its renewables push, however, has not been reported so far.

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source. Neither Tesla, the Indian government's chief spokesperson nor the commerce ministry responded to requests for comment. The country is targeting an increase in non-fossil fuel power capacity to 500 GW by 2030, from 186 GW now.Tesla's Powerwall is a sleek unit around a meter high designed to be hung in a garage or outside a house.

Indian officials have also conveyed that Tesla will have to work on reducing the cost of its battery storage products, the first source said, adding that the government could help to unlock the market with demand expected to be high.

 

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