Will Tesla enter the Indian Market in 2021?

Is Tesla coming to India?

Excited News Tesla is coming to India this year. Tesla is at the top of electric vehicles, and those whose cars do not race with the airplane have won the race from them, and Tesla cars have also gone to the airspace. The same thing is coming to India this year, I was very excited to hear this news, but this Excitement did not last long because the reason behind this is that the price of a Tesla car is not for a middle-class family. In the next few minutes, we will see which test lucky vehicle will come to India and how much it will be in the price range, and we will also see that electric cars are also excellent, that it is just a trend.



Tesla the car of the future

Many companies make cars, but the name of the manufacturer of the future vehicle is Tesla. Cars in the future will run on autopilot mode. We have just opened the destination, our job is to finish the car by driving it on its own, and we will reach our goal. The autopilot already decides it in Tesla comes with it, which helps us to reach our destination.

Even though the electricity is 0-100, go in just 3 seconds. Not only this, the Tesla X model can carry an airplane, so a Tesla company can only make a powerful electric car. Due to being electric, the cost of petrol and diesel on vehicles is zero. That is, these environments are friendly as well as pocket friendly. So when Nitin Gadkari sir finally said that Tesla is coming to India in 2021.

Tesla's Cost in India?

Tesla Model 3 is Tesla's cheapest car, and This car is about ₹28 Lakh in the US And Estimate says that when this car arrives in India, it will be around ₹60 Lakh, which is beyond the budget of many people. Why is there so much difference between the price of India and the price outside?

This CBU car will be exported from outside directly To be sold in India in ready condition. On such vehicles, the increase in duty-dependent import duties is due to which Tesla is becoming so expensive in India. The government says that if you come and assemble your vehicles here in India, we will reduce the import duty. The rest of the companies gather their lessons from outside and make in India due to which their vehicles are so cheap. Still, there is no time for Tesla because Tesla is importing the whole build vehicles from the mountain in India because of which Hundred Import Import Due to duty, it is becoming so expensive.

Why Tesla cars are made in China

Price is a temporary problem, but the permanent problem is where these cars are assembled and made. So the answer is China. It creates in China in the vehicle and is made there only. Elon Musk is a smart person. He thought to set up his manufacturing unit where the market is more significant, infrastructure is available, and the most important thing where lithium mines are. Lithium makes batteries for electric vehicles. It has the sixth-largest reserve in China. Every year electric vehicle sales are increasing in China. The government there incurs them to do electric bikes tomorrow. In truth, there is not much lithium, so it is a fact, we have to support and import lithium from outside also in the future.

Elon Musk, CEO of the Tesla is a billionaire for a few years, and he has been saying that Tesla would be launched in India. However, promising this, this pledge is still not fulfilled, Elon Musk said that there are high import duties taxes and strict rules in India when vehicles are imported, so strict rules tesla had not been able to launch in India on 10th september. karnataka government who plans to set up a tech research center had approached Tesla and had a meeting with them to discuss investment. A person familiar with the details of the meeting said that Tesla is interested to invest in the research center at karnataka but he said the talks are still at a preliminary stage and the details haven't been worked out yet at the end of september karnataka state Government we'll give Tesla a detailed proposal for the research center investment if the talks between the two are Successful then the research center at bengaluru will give Tesla a chance to bring its electronic vehicles to india bengaluru already has famous automobile companies like dalmar bosch mahindra electric ola electric sun mobility etc now Tesla may join these companies the karnataka state officials and Elon Musk have not officially commented on the matter.

It is expected that its proliferation will take a considerable amount of time because neither Tesla nor India are ready for the EV infrastructure. This company establishes a vast network of vendors, software infrastructure, R&D, testing, etc., for its further development. Set for its Indian debut in 2021," said Ashwin Patil, senior research analyst at LKP Securities.

Patil said that Tesla was planning to enter India through a launch of its Model 3, which would cost up to Rs 55 lakh, which would initially pose no threat to any of the domestic OEMs.

While there will undoubtedly be an EV revolution in India later on, affordability can again work as humidity from the consumer's perspective. So battery pricing will play a significant role in the overall pricing of EVs." Patil said.

He also pointed to uncertainty over the mode of manufacturing. Therefore, Tesla's entry will not have an impact on the auto industry for the medium term.

Racemic Oja, executive vice president, head of fundamental research at Kotak Securities, agrees.

Oza said, "In the near to medium-term, Tesla's entry will not affect the automotive industry. Unlike mobiles priced below 1 lakh, Tesla's popular Model 3 in India will cost more than Rs 50 lakh and when it will be launched,".

"Tesla has no production plant in India, so the cars will be fully built units (CBUs) that attract very high fees. India does not have the proper charging infrastructure, which is a significant deterrent for EV car buyers. Maybe, especially when traveling long distances. Distances, "added Oza.

As the car is imported, there will be no benefit to any Indian auto component manufacturer.

Oza also said that Tesla's entry would not harm battery makers in the near-to-medium term as the market for premium cars costing more than Rs 50 lakh is nascent and small in terms of sales volume in India.

He added that the maximum volumes come from cars priced below Rs 10 lakh, so unless "we will have fair-priced electric vehicles, they may not pose a major threat."

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