Big Update on Tesla Model 3 Price: Entry-Level EV Expected to Start at Rs. 20 Lakh in India
Big Update on Tesla Model 3 Price: Entry-Level EV Expected to Start at Rs. 20 Lakh in India
Elon Musk's Tesla is all set to make its much-anticipated entry into India. As the billionaire prepares to visit the country later this month, discussions about Tesla's Indian launch are intensifying. Among the many questions, the most pressing one for Tesla enthusiasts remains: How much will the Tesla Model 3 cost in India, and when can they finally drive an affordable, 'Make in India' electric vehicle?
Globally, the base variant of the Tesla Model 3 is priced at over $40,000, which translates to around Rs. 33.5 lakh. However, industry insiders suggest that Tesla's pricing in India could be much more competitive. According to sources, the starting price of the Model 3 in India could be as low as Rs. 20 lakh, thanks to local manufacturing and a favorable EV policy.
The key to achieving this lower price point lies in local production. By setting up manufacturing facilities within India, Tesla can avoid hefty import duties, paving the way for a more affordable electric car. In addition, Tesla may also look to trim some features to keep costs down. For instance, the Indian version of the Model 3 might come with fewer advanced features compared to its global counterparts, such as reduced hardware for Full Self-Driving (FSD) and a smaller battery pack.
The Indian government has been supportive of the electric vehicle revolution, recently reducing customs duties on imported EVs from 100% to 15%. This policy change, combined with Tesla's potential investment of over Rs. 4,150 crore to set up manufacturing facilities in India, positions the country as a significant market for the brand. By 2030, experts predict that Tesla could generate at least $3.6 billion in revenue from the Indian market.
As Elon Musk prepares for his first visit to India, all eyes are on the potential announcements that could shape the future of electric vehicles in the country. If the Tesla Model 3 indeed launches at a price of Rs. 20 lakh, it could revolutionize the Indian EV market, making premium electric vehicles more accessible to a broader audience. Stay tuned for more updates as Tesla's plans for India unfold.
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