Elon Musk has decided to drive Tesla into India after a long period of humming and hawing. Just days after he met Prime Minister Narendra Modi during the latter's visit to the US to meet President Donald Trump,

Bringing showrooms filled with high-end American-made electric vehicles to India would mark a symbolic victory for President Trump’s ally.

The U.S. President does not support Tesla building cars in India, the world's third-largest car market. Foreign brands, however, only compete for about a third of overall demand—and total EV sales are vestigial, growing to just 100,000 vehicles last year.

A CLSA report has highlighted that with a reduced tariff rate of 15-20 per cent, Tesla price in India will be more expensive than its domestic competitors like Maruti Suzuki. The company will need to open a manufacturing unit in India to keep up with competition.

India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing,

As Tesla is soon planning to enter in India, even after the reduction in the import duty to below 20 per cent, the cheapest car of Tesla will cost around Rs 35 to 40 lakh, says a report by CLSA, a global capital market company.

Recent media reports indicate that Tesla has been in discussions with Andhra Pradesh, which is offering pre-acquired land in multiple locations. The stat

Following Tesla CEO Elon Musk’s recent meeting with Prime Minister Narendra Modi, Tesla has reportedly begun producing vehicles that it intends to import to the India market, while also scouting for potential locations to set-up a factory,