Giga India is looking more like a real possibility, which I find a bit surprising. I know there was some Tesla Tuk Tuk discussion earlier, but what do we see as the real opportunity here? No doubt more APAC factories will be needed, but India wouldn’t have topped my list, maybe because I’m not coming at it from first principles, but from my ingrained stereotypes - Bangalore is for offshoring IT, not manufacturing; ASP would need to be too low, etc.
I’m sure someone here is knowledgeable about the Indian vehicle market and has a better idea why they should be the next factory (apart from, you know, all the people that live there). I know that to sell there you need to manufacture there, so is the reason just that simple? Or is there something else about the market or their manufacturing capabilities that would move them to the top of the list?