Tesla Plans To Manufacture A $24,000 Car In India
Shortly after Tesla CEO Elon Musk met with India Prime Minister Narendra Modi, news is out that it plans a new factory in India.India has surpassed China as the most populous nation in the world. Tesla has a gigafactory in China but none in India. India and China have had a number of disputes over the years, and Indian Prime Minister Modi has told Tesla in no uncertain terms that its Chinese-made automobiles are not welcome in his country.
that will sell for less that $25,000. Although, Tesla has been very tightlipped about how far along such a vehicle is, and when exactly it may find its way into production. Some observers think the new factory in Mexico will be the first to build such a car, and that it could do so next year. If that’s the case, what about India too?
Indian manufacturing powerhouse Tata Group is now making a big move into the space, reportedly investing 130 billion rupees into a lithium-ion battery cell factory in the country. At the moment, only 1% of Indian auto sales are EV sales, but Tata Motors is the leader in the sector.
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