Where does Tesla’s Indonesian move leave India’s nascent EV industry? ...Middle East

Tesla’s much-awaited new Asian Gigafactory is reportedly inching closer to reality—in Indonesia, and not India as was widely expected.On May 19, the Indonesian government confirmed a deal with the US-based electric vehicle (EV) maker, revealing few details. Earlier, the company had set off rumours of nixing its India plans over tax issues after CEO Elon Musk met the Indonesian president.The company remains tight-lipped, not replying to Quartz’s queries. Nevertheless, if it does really make the shift, India’s nascent EV industry is likely to be disappointed.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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