Tesla, the world’s most popular electric car maker, is planning to enter the Indian market with a bang. The company, led by visionary billionaire Elon Musk, is in talks with the Indian government to set up a car factory that would produce up to 5 lakh electric vehicles per year12. The most exciting part is that Tesla is working on a new model that would cost only Rs 20 lakh ($24,400), making it affordable for millions of Indians who aspire to own a Tesla34.
The Rs 20 lakh Tesla car, which is yet to be named, would rival other low-cost electric vehicles such as the Renault 5 and the VW ID.2. It would also offer Tesla’s signature features such as high performance, futuristic design, advanced technology and safety. The car would be aimed at emerging markets like India, where the demand for clean and sustainable mobility is growing rapidly.
Tesla has been eyeing India for a long time, but faced challenges such as high import taxes, lack of infrastructure and policy support. However, after meeting with Prime Minister Narendra Modi in June 2023, Musk expressed his optimism and appreciation for India’s vision1. Since then, Tesla has resumed its discussions with the Indian officials and explored the possibilities of setting up its own supply chain and manufacturing hub in India45.
If Tesla succeeds in its plans, it would not only create thousands of jobs and boost the economy, but also transform the Indian car market and inspire more people to switch to electric vehicles. The Rs 20 lakh Tesla car would be a game-changer for India and the world, as it would make Tesla’s revolutionary electric technology more accessible and affordable for the masses.
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