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Mumbai6 days ago
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Tesla owner Elon Kasturi is the richest person in the world. His net worth is about 32 lakh crore.
Elon mask Tesla leased an office in Mumbai. According to an ET report, the Tesla Phoenix has taken a 30-Ason workplace in a co-operative advantage of the Market City. For this, he will have to pay 3 lakh a month.
Earlier, Tesla leased 4,003 square feet annual for her new showroom at the Bacci annual fee of Rs 3.87 crore. In such situations, it is hoped that Tesla’s entry into India is very close.
Tesla speaks to state governments for EV Plant
The company is already discussing the establishment of its EV plants with various state governments including Tamil Nadu, Gujarat, Maharashtra, with investment of up to $ 2 billion.
Tesla returns reservation fees to Indian customers
Tesla Inc., on the other hand. Its Model 3 is returning the reservation fee to Indian customers pre-book. Tesla Model 3 has shut down the RWD version of the standard range. The company now provides Model 3 long range as the most affordable alternative.
According to a Bloomberg report, the company has sent an email to booking customers in 20 2016: “We currently want to return your reservation fees.
India’s EV market is growing rapidly
Tesla is entering India at a time when the EV Four Wheeler division has increased drastically in the country. Last year, in India, 1.4747 Four Wheeler EV was registered in India, which is more than doubled in 2021 than double the register.
Tata, Toyota, MG Motors participated in India
The company will compete with Tata Motors, Toyota and MG Motors in India, which last year debuted as the top 3 market leaders in the region. Vietnamese EV manufacturer Vinfas Vit is about to open its Tamil Nadu plant with $ 2 billion investment in India this year.
Why did not enter India so far
Tesla and India government may not be able to speak because of prolonged import tariffs. The company believed that India had a lot of import tariffs. On the other hand, the government had no intention of forgiveness or reduction in the government’s EV.
The government said that if Tesla made a manufacturing plant in India, the discount on import tariff would be considered. The musk first wanted to sell cars in India, then set up a production center.
At the same time, the musk said that Tesla would not set up a manufacturing plant at any such place, where he was not allowed to sell cars and services already.
Now India has recently reduced the import duty on cars worth more than $ 1,5 (about Rs 1 lakh) from 5% to 70%. This decision made the situations favorable to Tesla. Apart from these, the meeting of Kasturi and Modi helped it.
Tesla will bring the budget division cars to India
According to the report, the company is preparing to launch the most affordable EV here. It may cost 25,000 dollars (Rs 21.71 lakh). It was not informed what model it would be. However, according to India’s existing import policy related to EV car, Tk 2 lakh can be up to Tk 36 lakh in the Indian market.
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