Tesla’s Interest in India: Maharashtra Wants to Be the Top Choice

India’s car industry is changing fast, with more focus on electric vehicles. Big companies like Tesla are looking for ways to enter the Indian market.

Maharashtra’s Chief Minister, Devendra Fadnavis, is excited about Tesla coming to India. He believes Maharashtra is the best place for the company to invest. He said, “We hope Tesla comes. If they ask us, we’ll tell them Maharashtra is the right place.” He also talked about how fast Maharashtra is growing, especially Navi Mumbai, which is becoming a hub for advanced manufacturing. “Navi Mumbai is the future of Industry 4.0,” he added.

Competition Between Indian States

Fadnavis acknowledged that other states, like Gujarat and Karnataka, are also competing for Tesla’s investment. However, he said he supports any growth in India. “If Gujarat grows, I’m happy. If Karnataka grows, I’m happy too. In the end, investment in any state benefits India.”

Still, he pointed out that Maharashtra leads in attracting foreign investments. “Maharashtra received three times more foreign investment than Gujarat,” he said.

Maharashtra’s Economic Growth Goals

Fadnavis also spoke about Maharashtra’s plan to become a $1 trillion economy by 2030. “We started working towards this goal in 2016-17. Maharashtra is the only state that has already reached half a trillion dollars,” he said.

He highlighted Maharashtra’s strength in finance and technology. “Maharashtra is India’s top center for fintech and data. The National Payments Corporation of India (NPCI) is setting up its global headquarters in Mumbai’s Bandra Kurla Complex (BKC), making the city an even stronger financial hu