Tesla Plans Battery Storage Factory in India for Expanding Operations

1 min read
Source: Reuters
Tesla Plans Battery Storage Factory in India for Expanding Operations
Photo: Reuters
TL;DR Summary

Tesla has submitted a proposal to Indian officials to build a battery storage factory in India, as part of its broader plans to expand its presence in the country. The proposal includes the introduction of Tesla's Powerwall, a system that can store power from solar panels or the grid for use during outages or at night. While the Indian government has conveyed that incentives for the factory may not be available, they could offer subsidies to customers purchasing Tesla's battery storage systems. The plan is still under review, and Tesla is keen to find residential and industrial customers for its products in India.

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