Reliable sources told a national financial portal on November 22 that Tesla, yet to officially announce its India entry, plans to bring its economical electric vehicle to India following its launch in Germany.
Under billionaire Elon Musk’s leadership, Tesla is preparing to launch its most affordable electric car, priced at EUR 25,000, beginning in Germany. Before the formal announcement of Tesla’s foray into the Indian market, credible sources informed a leading financial portal on November 22 that this cost-effective electric vehicle is also planned for release in India. While details about the models for India are still sparse, insiders suggest the Model Y Crossover will be Tesla’s first offering there.
The Model Y, an electric mid-size crossover SUV built on the Model 3 sedan platform, has been available since 2020. It targets a more budget-conscious market than the mid-sized Model X and offers an optional third-row seat for up to seven passengers.
Without an official statement on its plans for India, Tesla is poised to start importing select models into the country next year. The company remains tight-lipped about the exact models intended for the Indian market.
In related developments, Trade Minister Piyush Goyal highlighted Tesla’s increasing use of Indian auto component suppliers during his visit to Tesla’s Fremont factory in California. Goyal noted Tesla’s goal to double its component imports from India, with the company on course to meet this target. He previously mentioned Tesla’s aim to source between USD 1.7 billion and USD 1.9 billion worth of components from India this year, a substantial rise from last year’s USD 1 billion.