Tesla battery supplier Panasonic in talks to set up plant in India

The carmaker has asked its other battery suppliers also to initiate talks for hubs

In a strategic move aimed at solidifying its supply chains before entering the Indian market, Texas-headquartered electric-vehicle (EV) manufacturer Tesla has asked its battery suppliers to initiate negotiations with the government to set up battery-manufacturing units in the country, Business Standard has learnt.

The move comes after Tesla’s chief executive officer (CEO), Elon Musk, announced his plans of entering the Indian market.

Panasonic Energy, one of Tesla’s top battery suppliers, has approached the Indian government on setting up a battery-manufacturing unit.

A Panasonic Energy delegation headed by Kazuo Tadanobu, president and CEO of Panasonic Energy, met Ministry of Heavy Industries officials