Finally, Tesla cars are being spied in India. The back and forth between Tesla and the Indian government has been going on for a while now. While no concrete decision has been reached until now, a big announcement is anticipated at the Vibrant Global Summit, which will be held between January 10-12, 2024. A few weeks ago, the PMO had also asked the government to speed up the process of coming up with a solution allowing Tesla to sell cars in India and set up a manufacturing unit too. This is in line with what Elon Musk said earlier this year during PM Modi’s trip to the USA. The former assured that Tesla is planning to make a ‘significant investment’ in India soon.
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Tesla Cars Spied India
This spy image has been doing rounds of the web. The post also mentions that Tesla will likely commence selling CBU cars in India next year (2024). Furthermore, local manufacturing will commence in India within the next two years (by 2026). That is possible since we are already witnessing Tesla cars being tested in India. This latest image shows the two units wrapped in heavy camouflage. While nothing is certain at the moment, the first, some reports say that the first Made-in-India Tesla could retail for as low as $20,000 (approximately Rs 16.70 lakh). If that turns out to be true, prepare to expect a revolution in the market.
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Huge Investment in India
While Musk had mentioned that Tesla will make a ‘significant investment’ in India soon, this could easily be at least $2 billion (approximately Rs 16,700 Crore). Note that this is just for setting up the production facility. At the moment, Gujarat, Maharashtra and Tamil Nadu are the top three contenders serving as the perfect locations for the manufacturing plant due to their well-developed ecosystems. Furthermore, the American EV giant planned to source auto components worth a whopping $1.9 billion (approximately Rs 15,700 Crore) this year. This number could swell up to a jaw-dropping $15 billion (approximately Rs 1.2 lakh Crore). That would benefit the Indian OEMs and suppliers immensely.
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Author’s Note
The global electric vehicle (EV) industry is gaining momentum, not only in India but worldwide. Scandinavian nations lead in mass EV adoption, while developed countries are swiftly catching up. Major global automakers are committing to carbon neutrality, focusing on producing eco-friendly vehicles and utilizing renewable energy in manufacturing. The widespread adoption of EVs seems inevitable. The potential collaboration between Tesla and the Indian government could be a game-changer for the Indian automotive sector. If Tesla’s upcoming EV becomes competitively priced at around Rs 17-20 lakh, it may trigger a price war. Monitoring developments in this partnership is crucial for industry observers.
