Tesla Plans To Enter Indian Market

[Autoenthusiast11]

Tesla Motors, the world's most successful electric car maker, plans to enter the Indian market with its upcoming sedan that will be priced at less than half of its existing model even as the country's high import duty remains abig obstacle, a top executive said. Tesla is working on its third-generation car — a smaller and affordable four-door sedan code named Tesla Model 3 — to target emerging markets like India.

"Our target price for Model 3 is in the range of $30,000 to $40,000 (approx Rs 18-24 lakh) that makes it an ideal product in the luxury car segment," said Jay Vijayan, chief information officer at Tesla Motors.

Source- Tesla to enter India with new sedan at attractive price - The Economic Times

 

[Nairrk]

Tesla finally comes to India, pre-orders for Model 3 kicks off India for around $1000

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Tesla CEO Elon Musk today took the wraps off the Model 3. It’s been a long awaited car, and according to Musk will bring electric cars to the masses. The car is set to launch towards the end of 2017, with prices starting from $35,000 (Rs 23,23,400 approximately). Pre-orders for the car have kicked off in select countries, and Musk today announced that India is among those select countries.

Musk announced on Twitter that Tesla is adding India, Brazil, South Africa, South Korea, New Zealand and Singapore among others to countries, which can pre-order the Model 3. For India, the pre-order amount is close to $1,000 (Rs 66,300 approximately). Pre-orders kicked off late last night, and according to reports, Tesla has already taken orders for more than 115,000 Model 3.

https://youtu.be/iUDO3IasNcY

Read more: Tesla finally comes to India, pre-orders for Model 3 kicks off India for around $1,000 | Latest Tech News, Video & Photo Reviews at BGR India

 

[chevrolet]

Re: Tesla finally comes to India, pre-orders for Model 3 kicks off India for around $

South korea, singapore are good choices. India and others are not economically viable markets.

 

[Akash1886]

Re: Tesla Finally Comes To India. Pre-Orders For Model-3 Begins

Friends,

Official Video of the unveiling of Tesla Model 3​

https://www.youtube.com/watch?v=Q4VGQPk2Dl8

Regards

Akash

 

[Akash1886]

Re: Tesla Finally Comes To India. Pre-Orders For Model-3 Begins

Buddies,

Tesla Model 3 based crossover (Model Y) rendered!



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Since the crossover is based on the Model 3, it will have a high-tech powertrain that offers plenty of performance and an impressive range. There's no word on specifics but the Model 3 can accelerate from 0-60 miles per hour in less than six seconds and can travel up to 215 miles on a single charge. The Model Y will likely have similar performance but its additional weight could hamper acceleration times and range.

Pricing remains a mystery but the Model 3 starts at $35,000 so the Model Y could cost approximately $40,000 when it arrives in a few years.

Link

Regards

Akash

 

[vm2011]

Re: Tesla Finally Comes To India. Pre-Orders For Model-3 Begins

Tesla puts India plans on hold.

Tweet from Musk clearly states that India does not have the supply of parts to support its launch here.

 

[Akash1886]

Friends,

The 1st ever Tesla Model X has been spotted in Mumbai, India.







​

Link

Regards

Akash

 

[carcommentor]

That imported car costs close to a Crore. With no supercharger network and useless autonomous driving , no service station and not even s/w updates being pushed , it is a crippled car.
Tesla is faltering in production too. The gigafactory is a mess, the 8 billion spent on acquiring Sun City has depleted Tesla’s fund. Investors have turned restive as the profits which were supposed to come in 2016 haven’t. The autonomous driving features have stayed on same level with lesser and lesser updates. Mounting losses and huge production setbacks in Model 3 (only 260 delivered of 4,50,000 preorder despite promise of 5,000 per week production) doesn’t augur well for the company. I just hope Tesla survives to lead the EV race. It looks like traditional car makers will beat Tesla in coming years in EV race. Once solid state batteries make headway, the entire Panasonic IP driven gigafactory will be useless chunk of real-estate. I hope investors continue to support Musk’s various indulgences because he is a true visionary, albeit a terrible businessman.

 

[Nairrk]

Elon Musk with PM Modi​

Elon Musk has yet again confirmed Tesla's entry in India in 2021. This is second time in last 3 months that Musk has confirmed his plans to launch Tesla in India. In October this year, Elon Musk replied to a Twitter user about Tesla's possible entry in the country by 2021. Another Tweet followed his earlier statement mentioning that the company might launch a digital configurator for Model 3 bookings by January 2021, anchoring his earlier statement on India entry.

On December 27, replying to a Twitter user, Elon Musk yet again confirmed to start India operations in 2021, however January timeline won't be possible. What has changed this time is that Union Minister for Road, Transport and Highways, Nitin Gadkari has also confirmed Tesla's India entry in 2021.

Gadkari, in a conversation during Indian Express Idea Exchange programme told that the US based EV car maker will “start operations” in India in early 2021.

Gadkari further said that the govt is pushing hard for electric vehicles to gain a mass momentum and a lot of Indian companies were also working on making EVs and EV tech be more affordable. He also confirmed that Tesla is planning to bring their first models as CBU and will maybe look at assembly and manufacturing based on the response to the cars.

Musk had first made his intentions clear about entering the Indian market back in 2016, and the company had also begun pre-bookings for a brief time back then. But due to uncertainties of the EV policies and market in the country, the launch was put on hold for the longest time. In due course, the company had to cease bookings, but now those who made bookings earlier will be the first ones to get the Model 3 when launched next year.

Tesla will now resume its bookings in India and the Model 3 will come into India as Completely Built Up (CBU) and is set to be priced around Rs 55-60 lakhs. It will be positioned as a luxury car and is unlikely to face competition in India.

Tesla’s Model 3 is not only the most affordable version to date when rolled out in 2017, but it has also emerged as the world’s best-selling electric car. The entry level is available in the following variants – Standard Range (RWD), Standard Range Plus (RWD), Long Range (AWD) and Long Range Performance (AWD). Its battery size ranges from 50 kWh to 75 kWh, and driving range from 381 km to 580 km.

Source

 

[350Z]

Tesla is reportedly back in talk with the Indian government on plans to enter the Indian market including a possibility of setting up a manufacturing plant. Sharing an excerpt from Autocar India (link):​

The proposition comes after India last year refused to accept Tesla’s request to reduce import tax on cars, which can go up as high as 100 percent on CBUs costing above $40,000. India wanted Tesla to build cars locally, whereas the carmaker wanted to test the waters first with imports, and the discussions ended in an impasse.

While Tesla did not broach the subject of reduction of import taxes with officials in its latest discussion, it suggested establishing a factory, without offering details on either the location or the investment, a person in the know told Reuters on condition of anonymity. There were talks on which models could potentially be offered in India and even the scope of setting up a battery manufacturing plant in the future.

Senior executives from Tesla also spoke to the government on local sourcing of components among other matters, the newswire had reported earlier. Tesla reportedly also sought advice on how to avail of the local Production Linked Incentive (PLI) scheme. However, Tesla has not yet submitted any written proposal on the Indian market so far.

Drive Safe,
350Z

 

[350Z]

The Prime Minister’s Office recently held a meeting with top officials to take stock of the next EV manufacturing in India, including Tesla’s investment proposal. (Source: Link)​

Though the agenda of the meeting was centred on general policy matters, fast-tracking approvals by January 2024 to Tesla’s proposed investment in the country was spelt out,” a top official said. “Ministries and government departments have been asked to iron out any differences with Tesla and pave the way for announcing the company’s India manufacturing plan at the earliest.”

Drive Safe,
350Z

 

[Nairrk]

Tesla India launch possible in 2024; local manufacturing likely by 2026

It seems like Tesla may be able to sell its cars in India via the CBU route, and produce Tesla cars in India at a later date. The Indian government and Tesla are said to be close to reaching an agreement that will not only allow the US EV maker to sell models made overseas but also set up a manufacturing plant in India.

While talks between Tesla and the Indian government had stalled last year, they reopened negotiations in May this year. According to sources familiar with the Indian government, the new agreement could see Teslas sold in India by next year, with the carmaker churning out Indian-made cars from its new plant within the next two years.

Sources tell us that an announcement regarding the same is expected at the Vibrant Gujarat Global Summit, which is scheduled to take place from January 10-12, 2024. At the moment, Gujarat, Maharashtra and Tamil Nadu are being considered for the factory as these three states have relatively well-developed ecosystems for making EVs and aiding in their export.

Tesla India manufacturing and battery plant details
For the setting up of the manufacturing plant, the US-based EV maker would have to commit to a minimum investment amount of USD 2 billion (about Rs 16,665 crore), said a source. Tesla had earlier planned to source USD 1.9 billion (approximately Rs 15,700 crore) worth of auto components during this year, almost doubling the amount it sourced last year, and is looking at increasing the purchase of Indian auto parts to USD 15 billion (about Rs 1.2 lakh crore).

While no final decision has been made and the above mentioned plans could change, Tesla CEO Elon Musk had said in June that the company plans to make a "significant investment" in India; he also intends visiting the country in 2024. A report by Reuters had also showed that the brand is looking to make and sell battery storage systems in India, and it had even submitted a proposal to Indian officials seeking incentives to build the Powerwall battery storage factory.

Tesla car prices to benefit from localisation and tax reduction
The Indian government is now said to be considering lowering import taxes for international EV carmakers for a period of five years, but only if those firms commit to setting up local manufacturing plants. This policy could see our market opening up to Tesla cars as the company lays the groundwork to get its India operations moving. According to sources, when Tesla’s first made-in-India models go on sale, they could be sold for as little as USD 20,000 (about Rs 16.67 lakh).

Autocar

 

[Nairrk]

Tesla’s first India manufacturing plant likely to be set up in Gujarat: Report

Electric vehicle (EV) manufacturing giant Tesla is likely to establish its first local India manufacturing plant in Gujarat, reported Ahmedabad Mirror.

An announcement is likely to be made during the Vibrant Gujarat Summit scheduled for January 2024, with Tesla CEO Elon Musk likely to be present for the occasion.

As per the report, Gujarat's strategic advantages, including its favourable business environment and strategic location, have positioned it as the preferred destination for Tesla's manufacturing endeavours.

It added that the state government has proposed multiple locations, including Sanand, Dholera, and Becharaji, as potential sites for the Tesla plant. This move aligns with Tesla's goal of addressing both domestic and international demands, including exports, from its Indian manufacturing base.

Speculation about Tesla's entry into the Indian market has been circulating for some time, with discussions ongoing between the company and the Indian government regarding concessions and regulatory considerations.

While the government’s official stance is that no subsidy will be provided on imports of EVs, recent reports suggested that Tesla may be granted the ability to import fully-built cars at a concessional import duty of 15-20 per cent, a significant reduction from the current 100 per cent duty on such imports.

However, this concession hinges on Tesla establishing a manufacturing presence in India, and failure to meet this condition could result in the revocation of duty benefits.

While Tesla's potential entry has generated excitement, some Indian EV manufacturers, including Tata Motors and M&M, have raised questions about providing special treatment to the American automaker. They highlight their ongoing contributions to the Indian automotive landscape and manufacturing of electric vehicles within the country.

Gujarat, already home to manufacturing facilities for major automakers such as Maruti Suzuki, Tata Motors, and MG, further solidifies its position as a key hub for the automotive industry

India Today

 

[Nairrk]

Tesla’s India entry almost confirmed after new EV Policy of Indian Govt

Finally, there is good news for the Tesla enthusiasts of India. It has been reported that the Indian government has announced a new EV policy initiative. The government, with this new policy, is aiming to bolster domestic manufacturing of EVs. It also aims to promote ‘Make in India’ objectives as well.

Under the new policy, carmakers who want to import electric vehicles into India will have to invest a minimum of $500 million to establish local manufacturing facilities within three years.

Additionally, they must ensure that a significant portion of components are domestically sourced. The targets set by the government of India are 25% parts within three years, and 50% parts within five years should be domestically sourced.

The government, with this clause, is aiming to foster indigenous production capabilities. There is another important aspect of the new EV policy. According to the new policy, there is a provision that will allow companies to import up to 8,000 completely built-up (CBU) electric cars annually.

These 8,000 cars per year will be subject to a reduced import duty of 15% on vehicles priced above $35,000. Under the previous tax regime, import duties ranged from 70% to 100% on imported cars.

Many experts have noted that the implementation of this new EV policy will definitely help Tesla. This new EV policy will facilitate Tesla’s entry into India. Additionally, it will also have broader implications for the global EV market.

Industry experts believe that Tesla, under the leadership of CEO Elon Musk, has been eyeing the Indian market for some time. Now, with the implementation of the new EV policy, the way for the American EV maker to debut in the country has been cleared.

CarToq

 

[350Z]

Tesla is again in search of 3,000 – 5,000 sq.ft space to setup its first consumer experience center in India. It’s said to be eyeing for locations like the DLF Avenue Mall (Delhi) and Cyber Hub (Gurugram). Source: Link

Drive Safe,
350Z