Tesla to start operations in India next year: report

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The first model to be launched will be Model 3, a report said.

Tesla Inc will be coming to India early next year, Minister of Transportation Nitin Gadkari told the national daily Indian Express On Monday.

The electric car maker will start selling and then move into assembly and manufacturing based on the response, the minister told the newspaper.

Tesla and the minister’s office could not be reached by Reuters for comment.

India sought to lessen its oil dependency and reduce pollution, but its efforts to promote electric vehicles have been hampered by a lack of investment in manufacturing and infrastructure such as charging stations.

The first model to be launched is the Model 3, which is the cheapest among Tesla vehicles. Prices start at over $ 74,739 (5.5 million Indian rupees) on Saturday, according to an Economic Times report.

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Elon Musk, chief executive officer, confirmed the India foray in 2021 in a response on Twitter on Sunday, but said it would not happen in January.

In October, the Maharashtra government invited Tesla to the state, weeks after Musk suggested entering the country next year.

The electric car maker’s shares rose 2% in premarket trading.

(This story was not edited by GossipMantri staff and is automatically generated from a syndicated feed.)

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