Reports indicate that Tesla is moving closer to entering the Indian market, with discussions suggesting a potential joint venture with Reliance Industries for establishing manufacturing facilities in the country. The collaboration aims to enhance electric vehicle production in India, with discussions ongoing for over a month.

While details of Reliance's involvement remain undisclosed, it is speculated that the conglomerate could facilitate Tesla's manufacturing operations and create an electric vehicle ecosystem in India. This development comes as various Indian states compete to attract Tesla for setting up factories, with Gujarat, Tamil Nadu, Telangana, and Maharashtra among the contenders.

In anticipation of Tesla's entry, a team from the United States will reportedly visit India to assess suitable land for establishing electric vehicle factories, with investments estimated between 200 to 300 crore dollars. Tesla's interest in India is driven by its declining global sales, with a recent 8.5 percent decrease attributed to competition from local manufacturers, especially in China.

As negotiations progress and states vie for Tesla's investment, India is poised to become a significant hub for the company's expansion strategy, marking a crucial step in the country's transition towards sustainable transportation solutions.