Tesla Plans to Build Battery Storage Facility in India

Tesla Plans to Build Battery Storage Facility in India

Tesla has discussed setting up a new electric vehicle factory in India with Prime Minister Modi, and offered that it will manufacture a car priced at $24,000 according to media reports

The company also plans to make and sell battery storage systems in India and has submitted a proposal to officials seeking incentives to build a factory.

Tesla sought a number of incentives to set up a battery storage factory, but Indian officials said that these would not be available. However, they added that the government can help create a fair business model for the company by offering subsidies to those purchasing such products.

In recent meetings in New Delhi, Tesla proposed supporting the country’s battery storage capabilities with its “Powerwall“, a system that can store power from solar panels or the grid for use at night or during outages. This proposal is part of the U.S. company’s plans for a broader presence in India, beyond the EVs. Tesla is keen to find residential as well as industrial customers for its battery storage systems.

Powerwall is aimed at  residential and light commercial use but Tesla is willing to develop larger solutions for industry if the India plan works out. Officials in India told Tesla that it will have to work on reducing the cost of its battery storage products, adding that the demand is expected to be high, and that the government will help to unlock the market.


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