Tesla planning to produce and sell battery storage systems in India

Tesla is planning to manufacture and sell battery storage systems in India, a move that aligns with Elon Musk’s continuous efforts to establish a foothold in the country. The company has submitted a proposal to Indian officials, seeking incentives to build a factory dedicated to battery storage production. Tesla’s foray into renewables has been part of its broader plans in India, which include discussions about establishing an electric vehicle (EV) factory to produce a car priced at approximately $24,000.

In recent meetings held in New Delhi, Tesla proposed supporting India’s battery storage capabilities through its “Powerwall,” a system designed to store power from solar panels or the grid for use during the night or during outages. The Powerwall proposition is intended to target both residential and industrial customers for Tesla’s battery storage systems.

While Tesla had sought several incentives to establish a battery storage factory in India, officials conveyed that these incentives would not be available. However, they indicated that the government could support the initiative by creating a fair business model through subsidies for purchasers of such products.

India is grappling with electricity shortages during peak times despite bolstering its electricity supplies to towns and villages. The country remains heavily reliant on coal-based power generation due to the cost and limited prevalence of storage technologies. India has set an ambitious target to increase its non-fossil fuel power capacity to 500 GW by 2030 from the current 186 GW.

Tesla’s Powerwall, a compact unit designed for domestic and light commercial use, could be a solution to India’s power storage challenges. It can be installed in garages or outside houses, enabling storage and efficient utilization of solar or grid power.

However, Indian officials have highlighted the necessity for Tesla to work on reducing the cost of its battery storage products to make them accessible to a wider market. Tesla is eager to participate in India’s transition to cleaner and more efficient energy systems, with the Powerwall as a potential tool to address power storage needs in the country.

By QUATRO Strategies International Inc.

QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.

Make strategic decisions with confidence!

Learn how we can support you in setting the right strategy in a fragmenting global economy.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

China’s steel and oil refining output drops in September amid industry struggles

In September, China’s steel production and crude oil refining continued to decline, reflecting the ongoing challenges faced by two of the country’s key industrial sectors. Steel mills produced 77.07 million tons, marking the lowest monthly output in 2024, and leaving total production for the first nine months down 3.6%…

Apple, GM, and Pentagon deals put MP at center of U.S. magnet supply renaissance

MP Materials’ newly sealed partnerships with the U.S. Department of Defense, Apple, and General Motors represent a pivotal moment in the reshaping of America’s rare earths supply chain, and a decisive step toward ending decades of dependence on China, which currently dominates about 90% of the global market for rare-earth magnets.

These magnets are mission-critical components in electric vehicles, aircraft, electronics, defense systems, and emerging technologies such as autonomous vehicles and robotics. The deals are strategically significant for multiple reasons.

EU may exempt 80% of firms from carbon border levy

The European Commission is considering exempting 80% of companies set to be covered by its upcoming carbon border tariff, citing the administrative burden for businesses that contribute minimally to overall emissions, EU Climate Commissioner Wopke Hoekstra said on Thursday. Hoekstra revealed that the Commission’s analysis found…

Stay informed

error: Content is protected !!