Tesla in talks to enter India with whopping $30B investment
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Elon Musk-led Tesla is in advanced talks to invest $30 billion in India's electric vehicle (EV) sector over the next five years, per Hindustan Times. This includes a $3 billion direct investment for a new small car production from an Indian plant, $10 billion from other partners in the manufacturing ecosystem, and a cumulative $15 billion in the battery industry ecosystem. "If it works out, this will be the biggest foreign direct investment commitment in India," an insider said.