Home Brand Story Tesla in talks with India to invest in a factory, plans for an annual capacity of 500,000 units

Tesla in talks with India to invest in a factory, plans for an annual capacity of 500,000 units

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Tesla in talks with India to invest in a factory, plans for an annual capacity of 500,000 units

According to the Times of India and other multiple media, Tesla has begun discussions with the Indian government on an investment proposal to set up a car factory in the country, with an annual production capacity of up to 500,000 vehicles. India’s commerce ministry is said to have been in talks with Musk on the matter.

Citing government sources, the report said that Tesla is also considering using India as an export base, with plans to ship cars to countries in the Indo-Pacific region.

It’s worth noting that in a meeting with Musk last month, Prime Minister Narendra Modi also said the automaker would make “significant investments” in the country.

Tesla’s new Indian factory will reportedly be used to produce the rumored “$25,000” low-cost electric car (Model 2 / Q), which will start at Rs. 2 million in India (currently around RMB 175,000).

According to previous rumors, this low-priced electric model will be the first to be mass-produced in the Mexico Superfactory, and I’m afraid that the Indian factory may not be completed at that time.

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Regarding Model 2, it was previously analyzed by foreign media that the production time cost of the new car compared to Model 3 will be shortened by about 15%, the weight will be lighter by about 30%, the battery will be smaller by about 25%, and the cost can be lowered by 37%, but even if it is sold at a price of RMB 150,000, it will still be able to get about 20% profit.