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It is reported that although Tesla has not yet entered the Indian car market, he intends to set up a battery factory in India. In addition, the BYD and Ningde times have also shown a lot of interest in building factories in India.

The Indian government plans to build six large factories that can produce thousands of megawatts of lithium-ion batteries a year, just like Tesla's No. 1 super factory in Nevada. Battery capacity per gigawatt hour can power 1 million homes for an hour, or power about 30, 000 electric vehicles.

In an effort to reduce dependence on overseas crude oil, save money and control urban pollution, India plans to invest 500 billion rupees in a plant to produce lithium-ion batteries, turning it into a global manufacturing centre for expected parts of electric cars. It is understood that the plan has been submitted to the cabinet, in order to protect India's demand for new energy, the Indian Expenditure Finance Committee has approved the plan to set up a production capacity 50GWH battery plant, and bid in February next year.

Tesla has yet to launch electric cars in India, mainly because of India's strict regulation and high tariffs. In fact, Musk had plans to introduce electric cars to the Indian market as early as 2016, and Jay Vijayan, the chief information officer, traveled to India to investigate the possibility of the company importing cars in India, but Musk expressed concern about Indian regulations forcing foreign car companies to buy 30 per cent of their parts locally, so plans to enter the Indian market were delayed.

Musk also said that not entering the Indian market is a problem, and foreign carmakers need to set up factories in India to reduce India's exorbitant tariffs on foreign imports. Musk is reluctant to build a factory in India, but due to high import tariffs and the Indian government's investment plans for battery factories, there is still some hope for him to build a factory there.

BYD is also interested in building a plant in India. It discussed Indian investment with partners in June and is expected to announce its investment plans by the end of 2019 or early 2020.

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