Tesla To Start Operations In India Next Year: Report.

Tesla To Start Operations In India Next Year: Report

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

Tesla Inc will come to India early next year, transport minister Nitin Gadkari told national daily the Indian Express on Monday.

The electric-car maker will start with sales and then might look at 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 has been keen to reduce its oil dependence and cut down on pollution, but its efforts to promote electric vehicles have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations.

The first model to be launched will be Model 3, the cheapest among Tesla vehicles, with prices starting at over $74,739 (5.5 million Indian rupees), according to a report in the Economic Times on Saturday.

Newsbeep


Chief Executive Officer Elon Musk on Sunday confirmed India foray in 2021 in a reply on Twitter, but said it would not happen in January.

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

Shares of the electric-car maker were up 2% in premarket trading.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

NDTV News

NDTV.com provides latest news from India and the world. Get today’s news headlines from Business, Technology, Bollywood, Cricket, videos, photos, live news coverage and exclusive breaking news from India.

https://www.ndtv.com/

Related news
COVID-19: UK 'acted as quickly as possible' on variant found in Brazil.

COVID-19: UK 'acted as quickly as possible' on variant found in Brazil.

Transport Secretary Grant Shapps MP says the government acted 'extremely quickly' identifying the coronavirus Brazil variant. He told Sky the government moved as soon as it had found the new variant after completing genome sequencing - the process...

Live:  DC braces for trouble ahead of Biden Inauguration.

Live: DC braces for trouble ahead of Biden Inauguration.

A black metal fence surrounds the US Capitol building. Behind the grated alloy, National Guard troops stand idle. Their presence a week before the inauguration of president-elect Joe Biden and vice president-elect Kamala Harris is unusual but not ...

Brexit: Scottish seafood delays could mean job losses.

Brexit: Scottish seafood delays could mean job losses.

New paperwork to allow food exports post-Brexit is not helping companies, and many in the Scottish fishing industry want compensation while the issues are resolved. It comes as new red-tape and bureaucracy from the UK leaving the customs union rai...

How will coronavirus vaccines, testing and lockdowns affect holidays in 2021?.

How will coronavirus vaccines, testing and lockdowns affect holidays in 2021?.

THE news is dire, the weather even worse. No wonder millions are dreaming of sunny summer holidays abroad. With vaccines rolling out, there is increased interest in breaks — many being booked by older travellers who have had a jab or will soon. Op...

COVID-19: France conducts mass testing as fears grow about the 'English' coronavirus variant.

COVID-19: France conducts mass testing as fears grow about the 'English' coronavirus variant.

France is mass testing people for COVID-19 as part of a programme which is also trying to identify cases of the 'English' variant of coronavirus. There is a sense among many in the country - and parts of Europe - that the UK has not been tough eno...

1 7

Global COVID-19 death toll set to pass 2 million - Coronavirus Latest.

Global COVID-19 death toll set to pass 2 million - Coronavirus Latest.

Reported global coronavirus deaths are set to hit two million. Even as countries race to vaccinate their populations, the COVID-19 death toll continues to rise at an alarming rate. New variants of the coronavirus, which scientists believe are more...