Tesla to start making cars in India, targeting vast market
3 years, 10 months ago

Tesla to start making cars in India, targeting vast market

Live Mint  

Tesla Inc. is closing in on an agreement to make electric vehicles in India for the first time, opening up a new growth opportunity after setting up production in China. That revelation sparked euphoria from locals, such as Nikhil Chaudhary, a 20-year-old student at the University of Delhi who helped start India’s Tesla fan club in 2019. The country hasn’t yet rolled out the welcome mat for EVs like neighbour China, where Tesla set up its first factory outside of the US and now dominates sales of premium EVs. “Considering the price of a Tesla, Elon Musk probably won’t be able to sell an EV to most of the population in emerging economies,” said Pedro Pacheco, a Munich-based senior research director at Gartner Inc. “However, looking at the size of the population and the potential for economic growth, Tesla will probably target a fast-growing group of affluent individuals that, in absolute terms, compares quite favourably to what we see in many developed countries.” Charging spots Palo Alto, California-based Tesla may also use any Indian factory as an export base, leveraging several markets at the same time, Pacheco said. As Chinese carmakers roll out competitive EV models and develop a diverse ecosystem, the country is “heading toward disrupting the current global auto industry landscape,” UBS Group AG analysts wrote in a report last month.

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History of this topic

Elon Musk's Tesla seeks showroom space in New Delhi, may be rethinking Indian market entry
1 week, 5 days ago

Elon Musk's Tesla seeks showroom space in New Delhi, may be rethinking Indian market entry

Firstpost  

Recent policy changes by the Indian government, aimed at attracting global automakers, could allow Tesla to import certain EVs at a reduced 15% tax rate if it commits to local investments Tesla is reportedly seeking a 3,000 to 5,000 square foot space for a consumer experience centre, along with a larger facility for vehicle deliveries and service operations. Image Credit: …

Elon Musk's Tesla resumes hunt for New Delhi showroom with DLF: Report
1 week, 6 days ago

Elon Musk's Tesla resumes hunt for New Delhi showroom with DLF: Report

India Today  

Elon Musk's Tesla has resumed its search for showroom space in New Delhi, signaling a renewed interest in the Indian market after halting investment plans earlier this year, reported news agency Reuters. Tesla, which paused its expansion efforts in India for months, is now considering sites like DLF’s Avenue Mall in southern Delhi and the Cyber Hub in Gurugram. Avenue …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
3 weeks, 3 days ago

India to expand EV policy for other automakers after Tesla doesn't turn up: Report

Hindustan Times  

The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the …

India to expand EV manufacturing incentives after Tesla disappointment, source says
3 weeks, 3 days ago

India to expand EV manufacturing incentives after Tesla disappointment, source says

Live Mint  

* Incentives to be expanded to automakers using existing plants * Policy originally designed to lure Tesla to manufacture in India * Changes designed to encourage EV investment by other automakers * Policy rules expected to be finalised by March 2025 By Aditi Shah NEW DELHI, Nov 29 - India plans to expand electric vehicle incentives to automakers building models …

Is Tesla a better opportunity than Indian automakers?
3 weeks, 6 days ago

Is Tesla a better opportunity than Indian automakers?

Live Mint  

Tesla Inc. shares have gained 59% since its 23 October earnings date. Speaking on Tesla’s third-quarter earnings call, Musk said full autonomy would become a reality with the company’s existing product lineup in 2025. Tesla vs. Indian automakers Although a Tesla versus major Indian carmakers may not be an apples-to-apples comparison, here’s a look at how it stacks up: View …

‘Marathon not a sprint’: Audi India head on EV adoption
1 month, 1 week ago

‘Marathon not a sprint’: Audi India head on EV adoption

Live Mint  

The slowdown in electric vehicle sales is temporary and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies. In countries with high EV penetration like Norway and Iceland, strong charging networks and consistent government policies have helped, Dhillon said. Sparse charging network A sparse …

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers
1 month, 1 week ago

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers

Firstpost  

Under the current Scheme to Promote Manufacturing of Electric Passenger Cars in India, companies can import electric vehicles at reduced customs duties if they commit to certain investment and localisation targets Currently, eligible companies are allowed to import EVs costing $35,000 or more at a reduced customs duty rate of 15 per cent, compared to much higher regular rates. Image …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
3 months, 2 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 1 week ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in the country within …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 1 week ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Elon Musk stops contact with India over investment as Tesla faces capital crisis: Report
5 months, 2 weeks ago

Elon Musk stops contact with India over investment as Tesla faces capital crisis: Report

Hindustan Times  

Elon Musk is not expected to move forward with Tesla investment in India any time soon as exectutives from the electric carmaker have stopped contacted officials in the country, Bloomberg reported citing people in know. The report claimed that Elon Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India …

Tesla CEO Elon Musk congratulates Narendra Modi ahead of swearing-in
6 months, 2 weeks ago

Tesla CEO Elon Musk congratulates Narendra Modi ahead of swearing-in

Hindustan Times  

Tesla and SpaceX CEO Elon Musk congratulated Prime Minister designate Narendra Modi on winning the 2024 general elections in India. Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk during their meeting in New York City in 2023 Three days after the Lok Sabha results 2024 were declared, Elon Musk tweeted, “Congratulations @narendramodi on your victory in …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

Tesla clears hurdles in China's electric vehicle market
7 months, 2 weeks ago

Tesla clears hurdles in China's electric vehicle market

China Daily  

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China on Jan 7, 2019. For Tesla, "it's a good thing, because it's one more domino knocked down, in order for them to be able to potentially get the data from those cars out to America," Mark Rainford, an influencer in the automotive industry and …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show
7 months, 3 weeks ago

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show

Associated Press  

BEIJING — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk
7 months, 4 weeks ago

Tesla India factory delayed? Musk's shift on low-cost EVs may put India, Mexico plants at risk

Firstpost  

Tesla is planning to make newer, cheaper EVs on its existing production lines. CEO Elon Musk responded to the Reuters report on X, dismissing it as a “lie.” On Tuesday, Tesla discussed new models that appeared to differ from the Model 2, without directly addressing the Reuters report. In January, Musk announced Tesla’s plans to start making a cheaper new …

Tesla to focus on low-cost cars: No India, Mexico factory plans now?
7 months, 4 weeks ago

Tesla to focus on low-cost cars: No India, Mexico factory plans now?

Hindustan Times  

Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. "I think it's a positive that he's not just barreling ahead with an expansion plan, ignoring the challenges in the market and …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Tesla, Starlink entry on agenda when Musk heads to India
8 months ago

Tesla, Starlink entry on agenda when Musk heads to India

New Indian Express  

MUMBAI: Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations. Also likely to be on the agenda for the self-described "free speech absolutist" is the large number of content takedown …

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees
8 months, 1 week ago

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees

ABP News  

Tesla, the Elon Musk-owned electric vehicle major, has recently disclosed plans to reduce its workforce globally by over 10 per cent, as reported by electrek.com, based on an internal memo shared by Musk with employees. What Musk Said Elon Musk has communicated through an internal memo that the company needs to enhance productivity and cut costs to gear up for …

Tesla to cut more than 10% of global workforce
8 months, 1 week ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

Tesla scouts for its first India showroom locations
8 months, 1 week ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

'Elon Musk being Modi supporter is one thing, but…': PM on Tesla chief's India visit
8 months, 1 week ago

'Elon Musk being Modi supporter is one thing, but…': PM on Tesla chief's India visit

Hindustan Times  

Ahead of Tesla chief Elon Musk's visit to India, Prime Minister Narendra Modi said that the world's richest billionaire is a “supporter of India”. Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk In an interview with ANI broadcasted on Monday, PM Modi, when asked about the possibility of seeing Tesla cars and Starlink in India, remarked, …

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report
8 months, 1 week ago

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report

India TV News  

Washington: Ahead of Tesla CEO Elon Musk's visit to India, the US electric carmaker is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions told news agency Reuters. India last month cut electric vehicle import taxes to 15% from as much as …

'Doesn't matter who invests money, Indian youths should get employment': PM Modi on Elon Musk's Tesla entry
8 months, 1 week ago

'Doesn't matter who invests money, Indian youths should get employment': PM Modi on Elon Musk's Tesla entry

India TV News  

New Delhi: Prime Minister Narendra Modi, during an interview with a news agency, asserted he wants American electric car manufacturer, Tesla to invest in India but with a condition that it should provide employment opportunities to Indian youths. Why employment opportunities are crucial for India Notably, Modi's response came days after the Institute for Human Development and International Labour Organisation …

Not just Tesla, Elon Musk's India visit may also bring Starlink announcement
8 months, 1 week ago

Not just Tesla, Elon Musk's India visit may also bring Starlink announcement

Hindustan Times  

Tesla CEO Elon Musk's upcoming visit to India has sparked speculations of the electric car company's entry into Indian markets soon. While it sparked rumours that Tesla's plans for India may be revealed this month, speculations on the potential entry of Musk's Starlink network in the country were also there. Elon Musk's Starlink threw its hat in the ring for …

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report
8 months, 1 week ago

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report

India Today  

The Tamil Nadu government is set to aggressively market the state as a potential manufacturing site for global electric vehicles giant Tesla ahead of Elon Musk’s visit to India, reported Bloomberg News. Tamil Nadu’s Minister for Industries, Investment Promotion & Commerce TRB Rajaa told the publication that the state “will be pitching for all opportunities of electric vehicle manufacturing from …

TS eyeing Tesla project, Sridhar Babu welcomes Musk to state
8 months, 1 week ago

TS eyeing Tesla project, Sridhar Babu welcomes Musk to state

Deccan Chronicle  

Hyderabad: Even as Tesla CEO Elon Musk confirmed his visit to India later this month, Telangana, which has been chasing Tesla project has welcomed the billionaire to the state. "Telangana with it's Industry friendly policy, is working with a progressive and futuristic vision by creating a world class Infrastructure and hassle free permissions system to enable best in class companies …

Tesla CEO Elon Musk to visit India this month; to meet PM
8 months, 1 week ago

Tesla CEO Elon Musk to visit India this month; to meet PM

Deccan Chronicle  

New Delhi: American electric car maker Tesla CEO Elon Musk is visiting India later this month to meet Prime Minister Narendra Modi and is likely to announce the company's investment plans in the country, according to sources.Musk, who has described as a 'natural progression' to provide Tesla electric vehicles in India, is likely to be accompanied by other company executives …

Tesla CEO Elon Musk to visit India this month; to meet PM Modi
8 months, 1 week ago

Tesla CEO Elon Musk to visit India this month; to meet PM Modi

The Hindu  

American electric car maker Tesla CEO Elon Musk is visiting India later this month to meet Prime Minister Narendra Modi and is likely to announce the company's investment plans in the country, according to sources. In June last year, Mr. Musk met with Mr. Modi during the latter's US visit and stated that he planned to visit India in 2024 …

Mukesh Ambani’s Reliance may bring Elon Musk's Tesla to India? Talks ‘at initial stage’
8 months, 1 week ago

Mukesh Ambani’s Reliance may bring Elon Musk's Tesla to India? Talks ‘at initial stage’

Hindustan Times  

Tesla might be looking for a local partner to set up its operations in India, a report claimed. The Hindu Business Line reported citing people in the know that Tesla is in talks with Reliance Industries for a possible joint venture to build the manufacturing facility in India. “While the role of RIL hasn’t been crystalised yet, it is expected …

PM Modi to meet Elon Musk this month, Tesla CEO says 'Looking forward to it'
8 months, 2 weeks ago

PM Modi to meet Elon Musk this month, Tesla CEO says 'Looking forward to it'

India Today  

Tesla founder and CEO Elon Musk is planning to visit India later this month to meet Prime Minister Narendra Modi. The electric vehicle manufacturing giant is in the initial stages of talks with Reliance Industries Limited to form a joint venture to build a manufacturing plant in India, reported The Hindu BusinessLine quoting sources. It's a natural progression to provide …

Elon Musk’s major update on when Tesla electric vehicles are coming to India
8 months, 2 weeks ago

Elon Musk’s major update on when Tesla electric vehicles are coming to India

Hindustan Times  

Tesla CEO Elon Musk said that it will be a natural progression for his company to provide electric vehicles in India. Elon Musk gave a major update on when Tesla vehicles will come into India. What reports claimed on Tesla searching for a location for India factory It was reported that Maharashtra and Gujarat extended land offers to Tesla for …

'Cannot discuss in public domain': Karnataka minister on Tesla investment
8 months, 2 weeks ago

'Cannot discuss in public domain': Karnataka minister on Tesla investment

Hindustan Times  

Karnataka Industries Minister MB Patil said that issues like Tesla’s investments in Karnataka cannot be discussed on public platforms. 'Cannot discuss in public domain': Karnataka minister on Tesla investment Multiple reports have suggested that US electric car giant Tesla will be sending a team to India to look for an ideal location to establish an electric car plant with an …

Telangana Courts Tesla
8 months, 2 weeks ago

Telangana Courts Tesla

Deccan Chronicle  

In a tweet on X, Sridhar Babu Duddilla, Minister for IT,E&C, Industries & Commerce and Legislative Affairs, wrote,"Since December 2023 the government of Telangana has been actively focusing on major investment opportunities by global giants, and as part of this focus we have been studying and tracking Tesla's planned investment initiatives in India." The government of Telangana is intensifying its …

Tesla begins hunt for sites to build car factory in India: Report
8 months, 2 weeks ago

Tesla begins hunt for sites to build car factory in India: Report

India Today  

Tesla is looking to set up a big factory in India and is sending over a team to scout for possible locations, reported The Financial Times. Last month, India decided to lower the taxes on some electric cars made by companies that agree to invest at least Rs 3,700 crore and start making cars in India within three years. But …

Tesla: Red carpet welcome in India?
9 months ago

Tesla: Red carpet welcome in India?

Live Mint  

India has announced a policy for electric vehicles that lowers the import duty for foreign-made EVs brought in by overseas auto majors. They’ll be allowed to import annually up to 8,000 EVs valued at $35,000 or more at a reduced import duty of 15% for five years, provided they invest at least $500 million in local manufacturing over the next …

New e-vehicle policy aims to attract foreign investment
9 months, 1 week ago

New e-vehicle policy aims to attract foreign investment

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. Issuing an official statement, the ministry of commerce & industry said that the companies setting up manufacturing facilities for e-vehicles would be allowed to import a limited number of cars at lower …

India Approves EV Policy to Attract Global Players
9 months, 1 week ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Union Govt approves electric vehicle policy to make India a EV manufacturing hub
9 months, 1 week ago

Union Govt approves electric vehicle policy to make India a EV manufacturing hub

Op India  

In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles, the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. The overarching objective of the newly approved E-Vehicle Policy is to facilitate the manufacturing of EVs in India, thereby providing …

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?
9 months, 1 week ago

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?

Hindustan Times  

Centre on Friday approved a new policy for electric vehicles which offers duty concessions on imported cars to companies that invest at least USD 500 million to set up manufacturing units in India. Over recent months, Tesla representatives visited India frequently, and CEO Elon Musk even met Prime Minister Narendra Modi last year. 'No special treatment to Tesla' Recently, commerce …

India's EV import tax reduction policy signals victory for Tesla and global automakers
9 months, 1 week ago

India's EV import tax reduction policy signals victory for Tesla and global automakers

India TV News  

India announced plans to reduce import taxes on specific electric vehicles, contingent on companies investing a minimum of $500 million and establishing a manufacturing plant within three years, signalling a significant policy pivot. Beyond Tesla While Tesla stood to benefit significantly from the policy, it also paved the way for other global automakers to tap into India's automotive market, the …

Tesla's India entry gets boost as government approves new EV policy
9 months, 1 week ago

Tesla's India entry gets boost as government approves new EV policy

India Today  

The government announced a new electric vehicle policy on Friday that is expected to provide a major boost to Tesla's plans to start operations in India. As part of the new policy, the government will lower import taxes on certain electric vehicles for companies that commit to at least Rs 4150 crore in investment in addition to building a domestic …

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker
10 months ago

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker

Hindustan Times  

Months after expressing interest in entering the Indian market, billionaire Elon Musk-led Tesla may be making its way to the country as the central government is in the process to finalise its policy to extend concessional import duty, reported The Economic Times. Tesla founder Elon Musk with Prime Minister Narendra Modi Tesla is now on the verge of entering the …

Tesla soon in India, government close to finalising concession on import duties for EVs
10 months, 1 week ago

Tesla soon in India, government close to finalising concession on import duties for EVs

Firstpost  

Tesla, the prominent US-based electric automaker, may soon establish its presence in India, with the government nearing the finalisation of a policy to extend concessional import duties on electric cars valued above Rs 30 lakh for 2-3 years, suggests a report by The Economic Times. Sources familiar with the matter disclosed that the reduced import duties could be provided by …

Tesla to start making a crossover SUV, entry-level budget EV from 2025, likely to be designed for India
10 months, 4 weeks ago

Tesla to start making a crossover SUV, entry-level budget EV from 2025, likely to be designed for India

Firstpost  

Tesla is gearing up for mass production of a new model, identified as a compact crossover, starting next year, according to insider sources cited by Reuters. Considering that Tesla is set to enter the Indian market, and how popular SUVs and crossover SUVs/compact SUVs have been in the Indian market, Tesla may be planning to expand its product line in …

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