The Union Minister Nitin Gadkari confirmed that the American electric car major Tesla is ready to begin operations in India next year along with setting up of a manufacturing unit based on demand.
The Road, Transport and Highways Minister has been pushing for green fuel and electric vehicles for cutting India's huge Rs 8 lakh crore crude imports.
"American auto major Tesla will have its distribution facility (sale centres) for its cars in India from next year and considering the demand it would look into setting up of manufacturing here. India has the potential to become the largest EV (electric vehicle) producer in the world in the next five years," Gadkari said.
With India's pledge to reduce carbon emissions by 30-35 percent by 2030 and efforts to cut down on Rs 8 lakh crore-worth crude oil imports, the focus is also on green fuel and electricity as well as EVs, the minister added.