Tesla in talks with India to set up factory with up to 500,000 annual capacity – report

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The prices for the electric vehicles would start from 2 million rupees ($24,400.66), the report added.

Tesla did not immediately respond to Reuters’ request for comment.

The billionaire Elon Musk-led company is also looking at using India as an export base as it plans to ship cars to countries in the Indo-Pacific region, the report said, citing government sources.

In a meeting with Musk last month, Indian Prime Minister Narendra Modi pushed the car maker to make a “significant investment” in the country.

($1 = 81.9650 Indian rupees)