Tesla plans India push into energy storage as it expands beyond cars, job ad shows

NEW DELHI: Tesla is preparing to ​enter India's industrial energy ​storage market, according to a job ad ​on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the ‌grid shifts ⁠to ⁠cleaner power.

The new business will also mark Tesla's expansion in India ​beyond just electric cars, which it started selling in August.

The company already ​operates a Megapack business in the U.S. and other markets, supplying large-scale energy storage systems for industrial and utility ​users.


Tesla's new plan was revealed in ⁠a job ‌ad on its website, which said it ​is looking ​to hire a business development lead in ⁠India to "develop and execute a comprehensive market expansion ​strategy for industrial energy storage solutions".

The candidate ​will shape its entry into India for "utility-scale energy storage", it added, without elaborating.

Reuters is first to report Tesla's plan. The company did not respond to a request for comment.

Ambani's Reliance and Adani's group also have ambitious plans ‌for India's energy storage sector.

India has set a target to reach 500 gigawatts (GW) of non-fossil fuel ​energy capacity ​by 2030 from ⁠more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise ​the grid and reduce carbon emissions.

The government is encouraging companies to invest in storage systems by providing fiscal incentives and is also working on a national roadmap to enable firms to meet the targets.