According to a Reuters report, Tesla (NASDAQ: TSLA) held discussions with Indian officials about auto incentives being offered to car and battery manufacturers, as it considers entering the Indian market.
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Reuters reported on Wednesday that the U.S. EV maker is proposing setting up a factory in India. The report stated Tesla’s discussions with Indian officials also revolved around plans to manufacture EV batteries locally.
The report cited the unnamed source as saying that the EV major “is still testing the waters and trying to understand the local policies.”
Analysts are cautiously optimistic about TSLA stock with a Moderate Buy consensus rating based on 15 Buys, 11 Holds, and four Sells.