Christened the Gigafactory for its potential impact Tesla’s global footprint as well as the more obvious GigaWatt unit of power (from batteries), Gigafactory 3 is the first Tesla facility outside of the US.
For Indian component makers, being one of the suppliers to Tesla opens up doors for new business in the fast-growing electric vehicles market expected to more than triple to $350.9 billion by 2023.
India is clearly lagging behind when it comes to basic infrastructure for getting its stated target of six to seven million EVs on Indian roads by 2020.
There’s more driving electric vehicles than the power of Elon Musk. Exponential changes in core technologies have resulted in unpredicted fall in costs.
Paytm’s Vijay Shekhar Sharma, venture capitalist Mahesh Murthy, and GOQii’s Vishal Gondal have booked the Model 3.