Tesla Model 3: Elon Musk Tesla is all set to enter India. Elon Musk is coming to India for the first time later this month to spend at least 48 hours in the country. As all eyes are on what billionaire Musk will announce during his meeting with Prime Minister Narendra Modi and industry leaders. At the same time, Tesla lovers have only one question – when will they finally be able to drive a ‘Make in India’, affordable EV and what will be the price.
Let us tell you that Tesla prices are almost the same all over the world. The base variant of the Model 3 costs more than $ 40,000 (about Rs 33.5 lakh). However, the price in India is expected to be much lower. According to industry sources, Tesla may eventually launch an electric car in India starting at Rs 20 lakh.
Tesla cheapest car Model 3
A cheaper Model 3 is an entry-level Tesla, which can be possible to run only with local manufacturing of battery components and a strong EV supply system. For this, Musk will definitely have to make an important announcement during his first visit to the country. According to Soumen Mandal, senior analyst at market intelligence firm Counterpoint Research, setting up local production by Tesla will eliminate import duty, paving the way for an affordable Tesla car.
Also, cost reduction can be achieved if Tesla cars manufactured in the country come with fewer features than the cars available globally.
This is how the dream of an affordable car will be fulfilled
Some of the hardware required for Full Self-Driving (FSD) mode can be eliminated and “Advanced Driver Assistance System (ADAS) Level 2 can be included”. To make a car worth Rs 20 lakh, Tesla can also have a battery pack with a capacity of less than 50 thousand watts and the electric motor can be of low power. Electronics in the vehicle can also be reduced with a smaller center display.
Government reduced custom duty significantly
In the new EV policy, the Government of India has reduced the customs duty on imported cars from the earlier 100 percent to 15 percent (with some conditions). A minimum investment of Rs 4,150 crore (about $500 million) will be required to set up manufacturing facilities for EVs in the country. According to industry experts, Tesla can generate at least $3.6 billion in revenue in India by 2030.