Tesla To Enter India soon as per the latest reports.

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Here are some of the latest news about Tesla in India:

India mulls import tax cut if EV makers build locally. The Indian government is considering cutting the import tax on electric vehicles (EVs) to 15% from 100%, if the carmakers commit to local manufacturing. This is a major win which has been pushing for import duty cuts in order to enter the Indian market.
EV manufacturer to set up local factory in India, make new EV priced at $24,000. They have informed Indian officials that it is keen to set up a local factory in India and make a new EV priced around $24,000, roughly 25% cheaper than its current entry model. This would make their EVs more affordable for the Indian market.

CEO Elon Musk meets with Indian PM Narendra Modi in June to discuss the company’s plans for India. The meeting is seen as a positive sign for it’s entry into the Indian market.

Overall, the news for Tesla in India is looking positive. The government is considering cutting import duties, The brand is planning to set up a local factory, and the company’s CEO has met with the Prime Minister. It is still too early to say when they will launch its EVs in India, but the signs are pointing in the right direction.

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Here are some of the challenges that Tesla may face in India:

* The high import duty on EVs is a major barrier to entry.
* The Indian government has not yet announced any incentives for EV makers, which could make it difficult for them to compete with local manufacturers.
* The Indian infrastructure for EVs is still underdeveloped, which could be a challenge.

Despite these challenges, Tesla is a strong brand with a loyal following. If the company can overcome the initial hurdles, it has the potential to be a major player in the Indian EV market.

One of the world’s largest electric car maker and the flag-bearer of electric car technology across the world, Tesla Motors, will arrive in India this year, or maybe in 2020. This has been confirmed by none other than Elon Musk himself in a tweet. The electric car-maker was earlier expected to arrive here in 2018 but that could not happen. The reason for this was said to be a restrictive government policy regarding EVs in India. However, this fresh interest shown by Musk in India means that the company may finally mark its presence here. If they decides to come to India, Model 3 would be their 1st product as it is the most affordable Tesla car ever.

It was in 2015 that PM Modi tweeted how he was impressed by the power wall technology of Tesla Motors which stores electricity in a battery for long term. Musk gave a presentation to PM Modi on the revolutionary technologies being developed, which is likely to change the face of the motor industry and have wider implications on developing countries like India on renewable energy. To quote Elon Musk, we will hopefully gain partial presence in India, Africa & South America end of next year, with broader expansion in 2020. And this is in addition to their expansion plans to Europe, China and Japan by the end of next year. In response to a tweet that asked about Tesla’ much-delayed India entry, Musk replied saying, “Would love to be there this year. If not, definitely next!”

Tesla is also the largest car-battery manufacturer in the world with Panasonic, claiming almost 60 per cent of the global production. While Tesla will set up car manufacturing facilities in China and Europe, the American company aims to set up battery manufacturing units in every continent to keep the costs in check. If Tesla enters the Indian market, it is likely to benefit from Indian government’s policies focusing on electric vehicles such as Adoption and Manufacture of Hybrid and Electric Vehicles (FAME). Currently, Tesla has Model S, Model X, Model 3 and the Roadster in their offering. The Model Y is also in the pre-production along with the improved Roadster, which is expected to be in the market by the year 2020.