Get All Access for $5/mo

Tesla Plans To Set Up Battery Storage Factory In India: Report As per the report, the company has submitted a proposal seeking incentives to build a factory

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Tesla

Tesla is planning to make and sell battery storage systems in the country, according to a Reuters report, adding that the company has submitted a proposal seeking incentives to build a factory.

As per the report, in a recent meeting in New Delhi, Tesla proposed supporting India's battery storage capabilities with its 'Powerwall' system that stores power from solar panels or grids for use at nights or during shortages. Tesla also sought a number of incentives to set up its battery storage factory but was told by the officials that these would not be available. Reportedly, the Indian government, however, told the company that they would help create a fair business model by offering subsidies to those purchasing such products.

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source.

The Powerwall proposal is part of the U.S. company's plans for a broader presence in India, thinking beyond EVs, the second source said, adding Tesla was keen to find residential as well as industrial customers for its battery storage systems.

"Large policy level calibration will be required. Tesla's intent is to have the Powerwall business in India," reportedly said the source.

During a 2015 visit to Tesla's California campus accompanied by Musk, Modi reviewed the product and later said he had enjoyed discussing how battery technology could help farmers.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.