Tesla have chief  officer tweeted that he would love to be in India this year or max by next year. Same Musk 10 months back had blamed restrictive policy of India for delaying carmaker’s entry into world’s 4th largest automobile market. The Narendra Modi-led government has been wooing Tesla to set up a factory but Musk has held back citing challenging government regulations as hurdles and in the past had sought temporary waiver on import penalties and other restrictions until a local facility is built. After 4 years planning Tesla started its first car manufacturing unit outside US in China at a cost of $5 billion. India has a paltry 6,000 passenger EV on its roads, compared with China’s 1.35 million. Though India is a promising market for EV maker but it lags behind China and is plagued by minimal government support for cleaner technology and paucity of charging stations. To read more articles about TESLA visit:  https://www.a...

Tesla Inc has signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai. The facility is expected to be completed by May and would cost around $2 billion to Tesla. With the on-going US-China trade war Tesla was forced to adjust prices of its US made cars in China and now with this agreement it would be able to reduce the trade war impact by producing cars locally. It would also help Tesla to fend off price competition from a swathe of Chinese EVs start-ups such as Nio Inc, Byton and XPeng Motors. To read more :automobile engineering jobs: automobile jobs in hyderabad #autojobs4u #Tesla #china #automobilejobs #automotiveupdates #automobileindustry