3/2, 1:24 PM (Source: TeleTrader)
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India ready to subsidize Tesla production - minister

India is prepared to offer incentives so that Tesla's vehicle production costs in the country would decline, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises Nitin Gadkari said on Tuesday.

Gadkari added that India wants to offer Tesla lower production costs than China or any other country in the world.

Earlier, reports said that Tesla would open a factory in India's Karnataka.

Breaking the News / VP