Upcoming Tesla Cars in India 2024 – Price, Specifications

Santosh Sahani

It can be a matter of happiness for India that Tesla Cars are coming to India. Tesla is a big American electric car manufacturer, Tesla Cars is going to enter the Indian market. According to the new plan for Tesla Cars, Tesla is ready to make an initial investment of about two million dollars in India. With this, there is a plan to increase 15 billion dollars to buy auto parts from India.

Bloomberg is a high-tech and market-changing data-driven, cross-platform information company built to solve global problems.

Elon Musk’s Tesla and India are reaching a deal that will allow the automaker to ship its electric cars to India in 2024 and set up a factory within two years, according to a Bloomberg report on Monday.

Upcoming Tesla Cars in India 2024
Upcoming Tesla Cars in India 2024

Tesla Cars India plan 

According to Bloomberg News, the Indian government appears to be close to finalizing an agreement with Tesla. The Indian government is going to allow the import of American electric vehicles into the Indian market from next year, along with this, American electric vehicle manufacturer Tesla is preparing to open a factory locally.

Upcoming Tesla Cars in India 2024
Upcoming Tesla Cars in India 2024

According to a report, an official announcement regarding this is expected to be made in the Gujarat Global Submit to be held in January. This includes the states of Gujarat, Maharashtra and Tamil Nadu considering their well-established conditions for electric vehicles and exports.

Tesla Cars India Investment  

It is expected that in 2024, Tesla is going to invest approximately two million dollars in the Indian market, in this sequence it is planned to increase up to 15 billion dollars on the purchase of auto parts from India.

Apart from this, according to Bloomberg sources, American automobile manufacturer Tesla also aims to manufacture batteries in India to reduce costs. However, no confirmation has been made yet. It may be possible that this may not be done in the future.

Tesla Cars India Investment  
Tesla Cars India Investment  

Elon Musk, CEO of Tesla Company, has earlier discussed this time that significant investment can be made in India in 2024.

Agreement StatusClose to finalizing an agreement for Tesla to import electric vehicles and establish a local factory in India.
Expected AnnouncementAnticipated at the Vibrant Gujarat Global Summit in January.
Considered StatesGujarat, Maharashtra, and Tamil Nadu due to established ecosystems for electric vehicles and exports.
Tesla’s InvestmentInitial minimum investment of approximately $2 billion for the plant.
Auto Parts PurchasePlans to escalate purchases of auto parts from India, potentially reaching up to $15 billion.
Battery ManufacturingTesla aims to manufacture some batteries within India to reduce costs.
CEO Elon Musk’s StatementElon Musk had previously stated plans for a “significant investment” in India, with a visit in 2024.
Current Tesla OperationsFactories in the US, China, and Germany.
India’s EV MarketLimited growth, constituting 1.3% of total passenger vehicle sales last year.
Challenges in India’s EV MarketHigh upfront cost of electric cars and insufficient charging infrastructure.
Tesla’s Import Situation in IndiaPresently refrains from direct imports due to high import tariffs.
Prospect of Local ManufacturingHolds promise for cost reduction, potentially pricing locally produced Tesla cars at $20,000.
Union Minister Piyush Goyal’s StatementTesla plans to nearly double its auto parts purchases from India to $1.9 billion this year.
Negotiation Resumption DateNegotiations resumed in May after a year-long impasse.
Previous Challenges for Tesla in IndiaHigh import taxes and EV policies led to a previous bid’s non-materialization.
Highlight
Tesla Cars India Investment  
Tesla Cars India Investment  

Tesla Intends to Enter India

Tesla is sensing substantial electric car need in India. And its demand is going to increase further in the coming times.

However, if seen at present, Tesla is operating its factories in America, China and Germany. There are plans to set up a separate factory in India. Which is going to be done with the active efforts of the Government of India under the leadership of Prime Minister Narendra Modi.

Apart from this, according to Bloomberg, despite the efforts of the government, the electric market in India is quite limited. Electric vehicles contributed 1.3% to total passenger vehicle sales last year.

The main reason for which is the high prices of electric vehicles and lack of adequate charging stations in the Indian market.

As a result of high import duties, Tesla currently avoids directly importing cars into India. And due to this, there is a possibility that its cost is going to reduce in the Indian market. It is expected that its price will be around $20,000 (16 lakhs).

Electric vehicles are going to be the future of India’s auto world in the coming times.

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