Tesla Explores Battery Storage Manufacturing in India, Pursuing Government Support
Tesla, under the leadership of Elon Musk, is reportedly crafting a blueprint for the production and sale of battery storage systems in India. According to Reuters, the company has submitted a proposal requesting incentives to establish a manufacturing facility in the country.
Tesla’s proposal outlines the intention to bolster India’s battery storage capabilities with its renowned ‘Powerwall’ system, designed to store energy from solar panels or grids for nighttime use or during power shortages. While Tesla initially sought various incentives for its battery storage factory, Indian officials conveyed that such incentives might not be available. Instead, the government expressed its willingness to facilitate a fair business environment by extending subsidies to consumers who purchase these products.
The proposal is presently under government review.
In addition to discussions about a potential electric vehicle manufacturing facility in India, where Tesla aims to produce a vehicle priced around $24,000, the Powerwall initiative signifies the company’s broader commitment to expanding its presence in the Indian market beyond electric vehicles. India’s energy supply relies heavily on coal-based generation, but the nation is actively transitioning towards non-fossil fuel energy sources, with a goal of reaching 500 GW in capacity by 2030.
Designed for domestic and light commercial applications, the Powerwall is a metre-high unit that can be installed in garages or outside residential properties. Should this plan materialise, Tesla may explore the development of larger-scale solutions catering to India’s industrial needs.
Currently priced at over $5,500 (approximately Rs 45,000) in California, Tesla has been advised by Indian officials to work on reducing the cost of its battery storage products to align with local market dynamics.
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