Recent reports indicate that Tesla’s entry into the Indian market is imminent, with the government finalizing regulations for importing the American automaker’s electric vehicles.
Tesla is expected to establish a production unit in India within 24 months of its official entry, and an announcement may be made at the Vibrant Gujarat Summit next year.
States like Kerala, Tamil Nadu, Maharashtra, and Gujarat are expected to compete to host Tesla’s production unit. Tesla is speculated to invest at least $2 billion, focusing on high standards of localization.
The first made-in-India Tesla product could be priced competitively at Rs 17 lakh. Positive developments, including improved relations between the Indian government and Tesla, indicate a more realistic entry into the Indian market.
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