With a population of over 1.3 Billion people, India is a huge marketplace for any company in the world. Be it Information Technology giants like Google, Facebook or Automakers like Toyota, Volkwagen, you have to have your base in the country. AND it looks like after so much wait over the years, Tesla, the revolutionary company is preparing to make an entry into the country.
Tesla Model 3 spotted on Indian roads
The news of the Tesla Model 3 being launched in India is making rounds for a long time now. But that day, might not be far away as several times the car was identified on Indian roads in the recent past. In the latest spy shots, two Tesla Model 3 cars were spotted in camouflage on the Mumbai-Pune Expressway. Both cars were donning Maharashtra registration numbers.
Even though Tesla has not entered the Indian Electric Vehicle Market yet it has registered itself as Tesla India Motors in Karnataka. According to reports, the company is in talks to set up an R&D center in Bengaluru. Tesla may set up its first facility in India in either Kerala or Maharashtra.
If reports are to be believed the country might get its official Tesla launch by the end of this year. Some reports even claimed about starting of bookings for the car in India soon.
Will Tesla manufacture in India or not?
For a while, Tesla has been asking for a reduction in import duties. Tesla’s entry in India now hinges on the Centre’s decision to the EV maker’s demand to reduce import duties. Recently, Tesla CEO Elon Musk had expressed hopes that India reduces tax on imported electric cars to make its business viable. His statement has started a debate among carmakers who appeared split in their opinions about reducing tax. While the center is still to decide on the issue, it has asked Tesla to share its plan on local production before taking a call on a reduction in import duties.
For now, Tesla is expected to import its cars to India via the completely built unit (CBU) route. The Model 3 is likely to be priced from ?55 lakh. It should also be noted that Tesla Model 3 is the best-selling electric vehicle in the world with more than 439,0000 units sold last year.
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