Tesla to manufacture cheapest car in India: Report

Tesla in India?

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Tesla has tried to enter India's booming auto market multiple times. However, the country's unfavorable stance toward importing vehicles from China prevented its entry.

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Tesla representatives to meet with commerce minister

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Tesla representatives are reportedly set to meet India's Commerce and Industry Minister, Piyush Goyal, this month to discuss building a new factory.

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'All-new' car would be 25% cheaper

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The new model Tesla plans to make in India would be 25% cheaper than the Model 3 sedan, its current lowest-priced offering. The latter costs just over $32,000 (roughly Rs. 26 lakh) in China.

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Tesla has changed previous stance

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Tesla's reported decision to set up a plant in India is a sharp reversal from its earlier stance. Since 2019, the company has been pushing the Indian government to cut the high import duties.

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Musk's meeting with Modi opened new doors for Tesla

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Musk's meeting with Modi in the US last month was probably the catalyst behind the new development. After that, Musk said Tesla will be in India soon.

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