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Tesla may build cheapest car in India

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Tesla India factory planned

Tesla is reportedly planning to build a factory in India to produce a new $24,000 (approx. Rs. 20 lakh) electric vehicle.

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Discussions soon

Tesla representatives are set to meet India's Commerce and Industry Minister, Piyush Goyal, to discuss plans for a new factory.

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Cheapest EV

Tesla plans to produce a new EV in India, costing 25% less than the Model 3, targeting the country's auto market and addressing supply chain issues.

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Change in stance

Tesla's plan to build a factory in India is a change from its previous push for reduced import duties. The Indian government had refused special treatment.

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PM Modi

Elon Musk's meeting with PM Modi in the US last month likely influenced Tesla's plans to build a factory in India. Company could announce a location by 2023 end.