According to leaked government documents, Tesla also wants to build a plant in India. The decision follows Tesla’s decision to enter the Indian market. The leaked information indicates that the California-based automaker has chosen Karnataka as the construction site of its new plant.
The news comes just days after Tesla’s India subsidiary became part of Energy Private Limited in Bangalore, Karnataka. Earlier, Governor Karnataka tweeted about the start of Tesla’s new R&D department in Bangalore, but the tweet was later deleted for some reason. So far, neither Tesla nor the Karnataka Governor’s Office have responded formally to the report.
In a December 2020 interview with the media, Indian Transport Minister Nitin Gadkari announced the sale of Tesla products from 2021 in the country. He added at the time that after the start of sales, the company would consider local production of its products.
As you probably know, India is a developing country and electric cars have a very small share of its car market. According to available statistics, only 3,400 electric models were purchased by Indians in 2019, while the same year, about 1.7 million vehicles equipped with internal combustion engines were sold in this populous country.
The Model 3 is said to be Tesla’s first product for the Indian market. The strange thing is that this compact sedan is estimated at approximately 5.5 million rupees, which is equivalent to 76 thousand dollars. With such a figure, which is about twice the original price, the Model 3 will be beyond the purchasing power of many Indian customers. Maybe that’s why Tesla has put the development of a low-cost model on the agenda, which is expected to be priced at around $ 25,000.