India, May 12 -- Moving closer to its India entry, EV giant Tesla is reportedly planning to set up an assembly unit in Maharashtra's Satara.

A Business Standard report said that the Elon Musk-led company will be setting up a completely knocked down (CKD) plant which would help in keeping its component import duty costs in check.

CKDs are assembly plants where all the different finished components of a vehicle are shipped from different locations and facilitates local assembly capabilities for a company.

Inc42 has reached out to Tesla with queries. The story will be updated after receiving responses.

The development comes a couple of months after it was reported that Andhra Pradesh government has been making all efforts to attract inve...