Tesla representatives are set to fulfill India’s commerce minister this month to debate plans to construct a manufacturing unit to provide what the corporate has described as an all-new $24,000 automobile, an individual with direct data of the matter advised Reuters.

Tesla has expressed an curiosity in constructing a manufacturing unit in India that might produce low-cost electrical automobiles (EVs) for the native market and for export, the particular person mentioned, including that the corporate had indicated that it could be for the brand new automobile.

The assembly with the commerce minister could be the best stage discussions between Tesla and the Indian authorities since June when Elon Musk met India’s Prime Minister Narendra Modi and mentioned he meant to make a major funding within the nation.

The 2 million rupee ($24,000) EV Tesla representatives had been mentioned to have described in discussions a few potential Indian plant could be 25% cheaper than its present lowest priced providing, the Model 3 sedan which sells for the equal of simply over $32,200 in China.

The $24,000 goal value for the brand new Tesla automobile was reported earlier this month by The Times of India newspaper.

Tesla didn’t instantly reply to a request for remark.

Reuters reported in May that Tesla executives visited India and held talks with officers on establishing a producing base for vehicles and batteries in India.

Discussions with Indian authorities officers in New Delhi are scheduled to renew this month, two folks with data of the talks, who requested to not be named as a result of the discussions stay personal, advised Reuters.

As a part of that, Tesla representatives are set to fulfill Indian commerce minister Piyush Goyal, the primary particular person mentioned, and discussions are anticipated to focus on organising an EV provide chain and discussing land allotment for a manufacturing unit.

The commerce ministry didn’t reply to a request for remark.