India might get a Tesla Gigafactory in the future

Earlier this week, we reported that Tesla has opened its first Gigafactory in the Nevada desert. The company's CEO, Elon Musk has commented that there is a possibility of India being home to a Gigafactory in the future.

In a speech about the establishment in Nevada, Elon Musk revealed that the company is open to building more Gigafactories in the future, if the demand arises. He said that the obvious way to optimize shipping costs and supply is to build new factories wherever there is a huge demand. As a result, the automaker might invest in more such facilities in Europe, China, and India, depending on how the markets respond to Tesla cars.

The Nevada Gigafactory is a part of Tesla's plans to be self-sufficient in developing sustainable power sources. The production facility is being developed in an area spanning 10 million square feet, and will be used for in-house development of battery packs for Tesla's cars and PowerWall business. This is expected to help the US-based automaker to reduce manufacturing costs of its cars, thus making them more affordable.

Source: Autocar India