Saturday, May 10, 2025

Tesla Plans to Sell Model 3 in India Beginning in 2021

Despite Tesla’s growing rift with the Chinese government, coupled with rising concerns regarding its gigafactory construction in Germany, it appears that Elon Musk has decided to take his concoction of suspension problems and flying roofs to India.

According to Reuters, Tesla has revealed it plans to make an entrance into India’s EV market, and launch its Model 3 cars for a price of US$74,750 as early as 2021. Although Tesla currently does not have any facilities in the country, the automaker is planning to begin taking sales bookings come January. Indeed, there is certainly room for a robust response from consumers, many of whom have already been diving into the absurd world of Elon Musk by loading up on Tesla shares and placing bets on US stocks.

Depending on the outcome of sales levels, Tesla says it would construct a manufacturing and assembly plant in the country. However, India is also a country that has not been very adamant on a swift EV adoption compared to its sizeable counterparts. The country’s deficient infrastructure in comparison to adjacent China has kept new EV investments at a minimum. However, the country is making headway in implementing electric public transportation, which according to the International Energy Agency, has been significantly increasing over the past five years.


Information for this briefing was found via Reuters and the IEA. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

$30,000 GOLD: How Trump’s Policies Could Trigger The Next Price Explosion | Simon Marcotte

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

‘The Big Short’ Michael Burry Makes $530 Million Bet Against Tesla

The past month has been a volatile one for Tesla, which has seen its shares...

Tuesday, May 18, 2021, 10:29:00 AM

Move Over, Tesla! Xpeng Motors Launches New Driver Assistance Features to Upstage Autopilot

Tesla (NASDAQ: TSLA) may soon have a real rival hot on its heels, after local...

Monday, October 25, 2021, 04:43:00 PM

Disappointing 1Q 2022 Earnings Results of Auto Parts Suppler Could be Warning Sign for Entire Auto Industry

On April 22, Stockholm, Sweden-based auto supplier Autoliv, Inc. (NYSE: ALV) reported disappointing 1Q 2022...

Saturday, April 23, 2022, 09:00:00 AM

Is Tesla Overvalued As We Enter An EV Price War?

After the regular market close last Wednesday, Tesla, Inc. (NASDAQ: TSLA) reported impressive 4Q 2022...

Tuesday, January 31, 2023, 06:18:00 AM

The Great Oil Sale! Russia Sells Heavily Discounted Crude to India as Sanctions Bite

Russian President Vladimir Putin is offering substantial discounts on oil sales to India, as crippling...

Thursday, March 31, 2022, 05:37:00 PM