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India offers less production cost than China to Tesla

Transport Minister Nitin Gadkari informed that India is ready to offer incentives to insure Tesla’s cost of production would be lower than what China has to offer only if the carmaker commits to making its electric vehicles in the south Asian country.

Gadkari’s pitch the offer, weeks after Tesla registered a company in India initiated a step towards entering the country, possibly by mid-2021. According to sources, Tesla plans to start by importing and selling its Model 3 electric sedan in India.

Gadkari suggested, “Rather than assembling (the cars) in India, they should make the entire product in the country by hiring local vendors. Then we can give higher concessions,”

“The government will make sure the production cost for Tesla will be the lowest when compared with the world, even China when they start manufacturing their cars in India. We will assure that,” he said.

In order to cut down imports and curb pollution; India wants to boost local manufacturing of electric vehicles (EVs), batteries and other components.

On the contrary, China already has an established Telsa market wherein Tesla already makes cars have successfully sold over1.25 a million new energy passenger vehicles, including EVs, in 2020. The country has also accounted for more than a third of Tesla’s global sales.

 



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