Billionaire Elon Musk’s clean energy and electric vehicle company Tesla will start operations in India early next year confirmed Union Minister for Road Transport and Highways Nitin Gadkari.
Tesla is initially expected to sell its vehicles in India, and it would also look at setting up a manufacturing facility at a later stage depending on demand.
At a recent media event, Gadkari said there is focus on developing electric cars and added that a lot of Indian firms are also looking at developing electric cars.
On Sunday, Musk said Tesla plans to enter the India market in 2021, but not in January. This, however, is not the first time Musk said that Tesla is entering the Indian market. In October, too, the billionaire CEO of Tesla suggested that the company will start India operations “next year for sure”.
Potential customers should note that even though the Model 3 is one of Tesla’s more affordable cars, it will not be cheap in India as they will arrive as completely built units (CBU) with a high import duty charge. While there is no confirmation on the pricing, reports suggest that one Tesla Model 3 will cost Rs 55 lakh in India.