Tesla Power India has inked a strategic alliance with Thaihuawei Battery Co. Ltd., Thailand, with the aim to revolutionize the battery landscape in India.
The Ministry of Trade and Commerce in India has endorsed the Free Trade Treaty (FTT) between India and Thailand, encouraging this strategic alliance between the two MNCs.
One of the key advantages of this collaboration is the significant reduction in costs, owing to the zero-import duty from Thailand when compared to sourcing batteries from China.
Tesla Power India’s strategic decision to import from Thailand underscores its commitment to enhancing affordability and fostering mutually beneficial trade relationships between the two countries.
This partnership between the two MNCs aligns with the shared goal of boosting trade and facilitating economic growth. With a primary focus on motorcycle batteries, this collaboration aims to bring superior technology and affordability to the Indian market.
Kavinder Khurana, Managing Director of Tesla Power India states, “Approx. 1 Crore motorcycle batteries are replaced every month in India. If the life of motorcycle batteries can be increased using our innovative technology, it will save the cost for the Indian consumers.”
Jaroon Jaruratchatanon of Thaihuawei Battery Co. Ltd., Thailand addresses this partnership, stating, “We are excited about the future possibilities of this collaboration with Tesla Power India Pvt. Ltd. Together, we aim to drive innovation, make batteries affordable, create jobs, and contribute to the sustainable development of India’s Battery sector.”