Tesla will reportedly meet with Indian officials

May 16, 2023 | 18:22:01

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Tesla in india, According to a source with direct knowledge of the situation, senior Tesla Inc. (TeSLA.O) executives will meet with Indian government representatives on Wednesday and Thursday to discuss local part procurement and other issues.

Nearly a year after postponing its plans to sell vehicles there due to its inability to negotiate lower import taxes—which CEO Elon Musk claimed to be among the highest in the world—the electric carmaker has recently expressed a renewed interest in the market. A request for comment was not immediately answered by Tesla or a representative of the Indian government.

While the Indian government wanted Tesla to commit to local manufacturing before lowering import taxes on cars that can run as high as 100%, Tesla wanted lower tariffs so it could test the local market with cars imported from the US and China. The electric car manufacturer had employed locals and started looking for showroom space, but those efforts were also shelved last year.

Local sourcing is in line with Modi’s “Make in India” campaign pitch to manufacturers, especially as businesses look to expand their supply chains beyond China. The meeting takes place a few weeks before Prime Minister Narendra Modi’s trip to the US in June. The meeting schedule was first reported by Bloomberg News.

Tesla Upcoming Cars in India

Tesla is anticipated to introduce five vehicles between 2023 and 2024. In India, the Tesla Cybertruck, Model X, and Model Y will soon go on sale for, respectively, Rs. 50.70 lakh, Rs. 2.00 crore, and Rs. 70.00 lakh.

As of my knowledge cutoff in September 2021, Tesla had announced plans to enter the Indian market. In January 2021, Elon Musk confirmed on Twitter that Tesla would be launching in India “this year for sure.” However, specific details regarding the timeline and the launch of tesla price in India vehicles in India were not provided at that time.

Tesla’s entry into the Indian market has been anticipated for quite some time, as the company has expressed interest in expanding its presence globally. tesla model 3 price in India represents a significant market for electric vehicles due to its large population and growing interest in sustainable transportation solutions.

Potential challenges for tesla model s price in India in India include establishing a manufacturing facility, setting up charging infrastructure, and navigating import duties and taxes. However, the Indian government has shown support for electric vehicles and has implemented policies to encourage their adoption.

It’s worth noting that developments regarding Tesla’s plans for India may have occurred after my knowledge cutoff. I recommend checking the latest news and official announcements from Tesla or reliable sources to get the most up-to-date information on Tesla’s presence in India.

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