There is also a strong possibility that Tesla will bring in completely build units (CBUs) in India and sell them using its registered channel partners
Electric vehicle heavy giant Tesla is looking to setup a assembly plant in India. A report by Economic Times notes that Tesla may take the complete knocked down or semi knocked down route for bringing its car models in India.
This, as per the report might be done to check the response it is getting from the Indian audience. It is not clear whether the company will tie up with an existing assembler or establish a assembly plant on its own in the country.
There is also a strong possibility that Tesla will bring in completely build units (CBUs) in India and sell them using its registered channel partners. The same might initially make Tesla cars a bit expensive in India but the same will also give it time to test its products and audience response as well.
It was reported earlier that the government of Karnataka had noted about Tesla opening a electric vehicle manufacturing plant in the state. Elon Musk, in December 2020, had tweeted and confirmed about Tesla’s plans for foraying into the country.
The company has been offered land by a lot of Indian states. The Rajasthan government had even written a letter to Tesla saying “consider Rajasthan state as a location for your future manufacturing unit In India.”
Nitin Gadkari, Transport Minister of India, had earlier said that the government of India will ensure that the production cost for Tesla is lower than that of China if the electric cars giant manufactures electric vehicles in India. India, at the moment does not have a comprehensive EV policy in place. Gadkari, mentioning that with 80 per cent of the lithium-ion cells being made in India, the country can also be a major market for USA-based Tesla.
Tesla has registered its Indian entity in the name of Tesla India Motors And Energy Private Limited in Bengaluru Karnataka, according to documents filed in the Ministry of Corporate Affairs (MCA). The company has incorporated itself with an authorised capital of Rs 15 lakh and a paid-up capital of Rs one lakh. Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein were appointed as the three directors of the new company.
Electric Vehicle sales in India, are yet to catch up with the numbers of EVs sold in countries like USA.
