Carlelo logo
Log in / Register
The easiest and most secure way to sign in - no password required

By proceeding, you agree to our

Terms And Conditions.

Search image

Ad

Tesla Won't Launch Low-Cost EVs In India - Here's Why?

Published By Konica Singh
calendar
Tesla Won't Launch Low-Cost EVs In India - Here's Why?

Tesla has been planning to enter the Indian car market with the introduction of new and affordable electric cars. However, recent media reports revealed that Tesla will not invest in developing new manufacturing lines, instead, it will use the existing factories to build affordable cars for Indian customers.

Tesla Focuses on Existing Models and Markets

At present, Tesla wants to give more attention to its existing production lineup instead of investing in new factories. In fact, the company aims to boost its production capacity by 50 percent. The company is currently manufacturing close to 3 million cars in the existing production facilities..

Expanding Capacity Would Be Challenging

According to the analysis report, Tesla's vehicle volume growth rate would be lower in the coming years in comparison to previous years. Following this, the company would face challenges if it encountered slow sales growth after expanding its production capacity.

Elon Musk Postponed India’s Visit

The CEO of Tesla, Elon Musk was expected to meet Indian Prime Minister, Narendra Modi to announce major investments in auto factories to develop small and affordable models. Unfortunately, Musk cancelled the meeting, quoting "very heavy Tesla obligations". But he has plans to come to India later this year.

Also Read: Upcoming Small SUVs For First Time Car Buyers

Popular Cars

Ad

capri Logo

Looking for

Car Loan?

Whether you're eyeing a sleek sedan, a spacious SUV, or a sporty coupe, we've got you covered. Purchase your next dream car from Carlelo.com and make financing your new ride a breeze.
coin gif

You May Also Like

Ad

Follow us on
FacebookInstagramLinkedinYoutubeTwitter
Carlelo Logo