BENGALURU, July 13 Reuters Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday.

The prices for the electric vehicles would start from 2 million rupees 24,400.66, the report added.

Tesla did not immediately respond to Reuters39; request for comment.

The billionaire Elon Muskled company is also looking at using India as an export base as it plans to ship cars to countries in the IndoPacific region, the report said, citing government sources.

In a meeting with Musk last month, Indian Prime Minister Narendra Modi pushed the car maker to make a significant investment in the country.

1 81.9650 Indian rupees

Reporting by Rama Venkat in Bengaluru; Editing by Sonia Cheema

Source Reuters