Connect with us

Electric Cars

India expects to attract Tesla with lower production costs than China



India is poised to offer incentives to make Tesla’s EVs cost less than China’s. To do this, the automaker must commit to producing electric vehicles in India. Indian Transport Minister Nitin Gadkari told Reuters about it.

Gadkari’s proposal came a few weeks after Tesla registered the company in India, taking the first step towards a possible entry into the Indian market in the middle of this year. Sources familiar with the matter said Tesla plans to start by importing Model 3 electric vehicles.

“Instead of assembling (cars) in India, they should manufacture them entirely in the country, hiring local suppliers. Then we can make big concessions, ”Gadkari quoted Reuters as saying.

“The government will ensure that Tesla’s production costs are the lowest compared to the rest of the world, even China, when they start producing their cars in India. We will ensure this, ”the minister assured.

India wants to stimulate local production of electric vehicles, batteries and other components to cut imports and reduce pollution in its major cities.

Note that 2.4 million vehicles were sold in India last year, of which only 5,000 were electric vehicles. Potential buyers are turned off by the small number of charging stations and the high cost of electric vehicles. By comparison, in China, where Tesla already makes EVs, 20 million vehicles were sold in 2020, including 1.25 million EVs. China accounts for over a third of Tesla’s global sales.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

News26 mins ago

Bitcoin soars to $ 63,000, Etherium is already over $ 2,215

Today, all cryptocurrency miners have a green day: the Bitcoin value curve jumped by more than three percent in just...

Phones37 mins ago

The smartphone with the “strongest camera of 2021” is also the thinnest smartphone on Snapdragon 888 / New details about ZTE Axon 30 Ultra

A Chinese source has published new details about the flagship smartphones ZTE Axon 30. More precisely, about the top model...

Gaming2 hours ago

The creators of Cyberpunk 2077 decided to create two new AAA games in parallel

CEO and President of CD Projekt RED Adam Kicinski in an interview with Reuters spoke about the immediate plans and...

Headphones2 hours ago

Siri talks about when to expect new wireless headphones AirPods 3 and iPad mini 6

Voice assistant Siri has revealed Apple’s corporate secret – it has revealed the date of the traditional spring announcement. As...

News2 hours ago

Acer, AMD, Arm, Intel, Micron, NXP, Qualcomm and Supermicro Confirmed Computex 2021 Hybrid

The Taiwan Foreign Trade Development Council (TAITRA) announced today that the world’s leading IT companies Acer, AMD, Arm, Intel, Micron,...

Components2 hours ago

An interesting story: there are practically no Nvidia CMP HX video cards for miners in retail, but the company increases its revenue forecast from their sale three times

According to the source, Nvidia has updated its revenue forecast for the first quarter of this year – it increased...

News3 hours ago

Spire Eagleforce PSUs are 80 Plus Certified

Spire has unveiled the EagleForce series of ATX Ver. 2.31 and 80 Plus certified that the energy efficiency does not...

Electric Cars3 hours ago

Introduced an electric car with a range of 1000 km, 39-inch screen and wireless charging

The Zhiji L7 electric vehicle is on display in China, which was created by Zhiji Auto, a joint venture between...

Most Popular