Tesla EV in India at Rs. 20 lakh: Here's how

Why does this story matter?

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Elon Musk-led Tesla has been known for pushing the boundaries in the EV segment with capable offerings such as the Model S and Model X

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Tesla had planned to enter India in 2019

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Tesla had plans to enter the Indian market in 2019, the same year it started manufacturing at the Gigafactory in Shanghai.

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Discussions have been re-initiated after meeting with PM Modi

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After the recent meeting between PM Narendra Modi and Musk, the latter confirmed that Tesla cars will arrive on Indian roads soon.

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It would generate jobs and boost the Indian economy

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Setting up a manufacturing facility with an annual production capacity of up to five lakh units will prove beneficial for both Tesla and India.

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Modi really cares about India: Musk

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After the meeting, Musk said, "He (PM Modi) really cares about India and he's pushing us to make significant investments over here.

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