Reports suggest that Tesla’s first electric vehicle in India could be priced under $25,000, with the company potentially investing up to $5 billion in the country.
Tesla seems to be on cruise control as it could make its debut as early as April this year. While there are discussions of Tesla looking for land options to set up a manufacturing plant in India, reports also suggest that the company is looking at direct import options. Additionally, Elon Musk-led company has also confirmed two locations for its upcoming showroom in India.
Tesla plans for India
Tesla is exploring all options for the Indian market, including directly importing electric vehicles from its Berlin manufacturing plant. According to a CNBC-TV18 report, the EV maker is considering introducing a vehicle under Rs 21 lakh ($25,000) to disrupt the electric vehicle segment. If Tesla manages to price it aggressively then it could even compete against flagship models from domestic players.
In response to potential reciprocal tariffs from US President Donald Trump, India may further reduce the basic customs duty (BCD) on vehicles priced over $40,000. Recently, the Indian government cut customs tariffs on cars above $40,000 from 100 per cent to 70 per cent, while there have been no changes to the BCD for vehicles priced under $40,000.
Tesla showrooms in India
Tesla has confirmed the locations of its first two showrooms in Delhi and Mumbai. Based on reports, the showrooms will have a space of around 5,000 square feet although the company has not yet revealed the official opening dates. According to Reuters, Tesla has been searching for ideal locations for its showrooms for over a year. The Delhi retail store will be in Aerocity while Mumbai will be at Bandra-Kurla Complex (BKC).
Tesla is looking to set up a manufacturing plant in India and is considering Maharashtra and Gujarat as an option. According to an India Today report, the EV maker could invest from $3 billion to $5 billion. The company is also looking to partner with an Indian automobile manufacturer with Tata Motors’ name being mentioned as a possible collaborator.
Discover the latest in the auto world with new cars and new bikes … Read More , explore upcoming cars in India, and find your perfect match with cars under 5 lakh, 10 lakh or 15 lakh. Stay updated with the latest auto news and the rise of electric vehicles.