Elon Musk’s Tesla Ready to enter India. Elon Musk is visiting India for the first time later this month to spend at least 48 hours in the country. As all eyes are on what billionaire Musk will announce during his meeting with Prime Minister Narendra Modi and industry leaders. At the same time, Tesla lovers have only one question that when will they finally be able to drive a ‘Make in India’, affordable EV and what will be the price.
Let us tell you that Tesla prices are almost the same all over the world. The price of the base variant of Model 3 is more than $ 40,000 (about Rs 33.5 lakh). However, the price in India is expected to be much lower. According to industry sources, Tesla may eventually launch electric cars in India starting at Rs 20 lakh.
Tesla’s cheapest car Model 3
There is a cheaper Model 3, the entry-level Tesla, that may only be possible to run with local manufacturing of battery components and a robust EV supply system. For this, Musk will definitely have to make an important announcement during his first visit to the country. According to Soumen Mandal, senior analyst at market intelligence firm Counterpoint Research, Tesla setting up local production will eliminate import duties, paving the way for an affordable Tesla car. Also, cost reduction can be achieved if Tesla cars manufactured in the country come with fewer features compared to cars available globally.
In this way the dream of cheap car will be fulfilled
Some hardware required for Full Self-Driving (FSD) mode may be eliminated and “Advanced Driver Assistance System (ADAS) Level 2 may be included”. To make a car worth Rs 20 lakh, Tesla can also have a battery pack with a capacity of less than 50 thousand watts and the electric motor can be of low power. Electronics in the vehicle can also be minimized with a smaller center display.
Government made a big reduction in custom duty
In the new EV policy, the Government of India has reduced the customs duty on imported cars from the earlier 100 percent to 15 percent (with some conditions). A minimum investment of Rs 4,150 crore (about $500 million) will be required to set up manufacturing facilities for EVs in the country. According to industry experts, Tesla can generate revenue of at least $3.6 billion in India by 2030.
Input: IANS
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