This report analyses Tesla’s entry into the Indian market, highlighting the steep pricing of its cars. The Model 3 is priced between ₹70 to ₹80 lakh, and the Model Y up to ₹1 crore, nearly double their cost in the US and EU. The high prices are attributed to import duties of up to 100% on foreign electric vehicles, GST, and logistics costs, as the cars are not locally produced. The analysis delves into Tesla’s global challenges, including slumping sales, which saw a 13.5% drop in the April-June quarter, and plunging profits. Facing stiff competition from rivals like China’s BYD, Tesla views India, the world’s third-largest auto market, as a crucial new frontier. The government’s ‘Make in India’ push is a significant factor, as emphasized by one official’s statement: "China Mein banakar Hindustan Mein bechne vaala Kam mat karo Hindustan Mein ao… hamare yahaan banao hamaare yahaan becho hamaare yahaan se export karo." (Don’t make in China and sell in India. Come to India… make here with our vendors, sell here, and export from here.) Tesla’s strategy appears to be testing the market before committing to local manufacturing. #tesla #teslaindia #elonmusk #itwebvideos #electricvehicles #ev #carprices #makeinindia #importduty #autonews #businessnews #teslamodely #teslamodel3 #indianmarket #evpolicy #automotive
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