The Morning Brief Tesla Tug-of-War: Maha, AP woo Elon Musk
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Feb 25, 2025 Dia Rekhi, an ET journalist with deep insights into Tesla's negotiations, discusses the fierce competition among Indian states to attract Elon Musk's electric vehicle giant. She highlights Andhra Pradesh's strategic incentives, from land deals to tax benefits, aimed at enticing Tesla amid a challenging EV landscape. The conversation delves into the implications for job creation and the existing Indian auto industry. Rekhi also examines the geopolitical aspects and the unpredictable nature of Musk's decisions regarding Tesla's Indian adventure.
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Inter-state Competition
- States are competing to attract Tesla, offering land, port access, and established supplier ecosystems.
- Maharashtra and Andhra Pradesh are leading the race, leveraging their automotive hubs and port facilities.
Andhra Pradesh's History with Tesla
- In 2017, Chandrababu Naidu and Elon Musk signed an MOU for solar energy projects.
- Andhra Pradesh politicians have used Tesla as a campaign promise.
Andhra Pradesh's Advantages
- Tesla's initial focus is importing cars, not building them in India.
- Andhra Pradesh offers tax breaks, port access, and readily available land, unlike competitors.