Tesla India Launch : Electric car manufacturer Tesla has announced the booking of its first electric car in India. The upcoming EV from Tesla will be called ‘Model I’ and will be exclusively made in India.
The Tesla Model I is priced at Rs 19.9 lakh (ex-showroom), which makes it affordable for the middle class car buyers of India. The company has opened the bookings for the EV at just Rs 69,420. The option of payment for booking the vehicle includes crypto currency Bit coin.
Speaking about the design of the vehicle, the exterior will look quite similar to that of Model Y. The interior of the vehicle will grab attention of the enthusiasts as it features a very funky design. Users will get a steering wheel like a Joystick. The users can also pair the vehicle with a PS5 joystick. However, driving the vehicle while connecting it with a PS5 joystick isn’t legal in India.
The Model I will initially be limited to India, but Tesla is planning to export it to other international markets by April next year.
Tesla Model 3
The Tesla Model 3 sold in Nepal costs Rs.1.25 crore Nepali rupee which translates into roughly Rs.78 lakhs in India. The Model 3 sedan (US-spec) is offered in three electric powertrain options: Standard Plus, Long Range and Performance. The Standard Plus utilizes a rear-wheel drivetrain, while the Long Range and Performance variants are powered by a dual-motor all-wheel-drive setup. Tesla India Launch claims an efficiency of 423km, 568km and 507km for the three variants of the Model 3, respectively. The top-spec Performance variant does a 0-97 km/hr sprint in 3.1 seconds with a top speed of 261 km/hr. The Indian model is likely to be offered in Standard Plus variant, while the other two could be introduced later.
Tesla Model S
There are three variants of Tesla India Launch offer – 75D, 100D and P100D. All three get a single-speed gearbox and all-wheel drive as standard. The real difference lies in the battery pack and the performance motor which is only available in the top-spec P100D. The 75D boasts a 75 kWh battery pack that gives it a range of up to 489km, a top speed of 225kmph. 0-100kmph can be completed in 4.2 seconds. Being a developing country, India will likely receive only this variant. Expected price of the Tesla Model S is around Rs.1.50 crore in India.
Terms and Conditions
Tesla is the most successful electric car company in the US simply because of its supercharger network. That however is absent in India. In the US, Tesla charging network is quite close to the gas station network compared to the competition. Readers should realize that Tesla does not make the best electric vehicles. The perfect charging network of Tesla’s in the USA makes it a success. To enjoy the same level of comfort here, the charging network has to get strong in India. Tesla as a car manufacturing company has already faced backlash over fit and finish and quality issues on the majority of its cars. More about Tesla India lineup 2021 below.
Tesla Model X
The Tesla India Launch Model X sold in Nepal costs Rs.3.5 crore Nepali rupee which translated into roughly Rs.2.18 crore INR. Like the S, the X is also available in three variants – 75D, 100D and P100D. The basic idea remains the same, with the 75D featuring a smaller battery pack (75 kWh) and the 100D and P100D sharing the same 100 kWh battery pack. The P100D also features the performance motor that makes it one of the quickest and fastest crossovers in the world. The 75D can run for 417km on a full charge, reach a top speed of 209kmph and hit 100kmph from a standstill in 4.9 seconds.
What’s in It for Tesla?
Entering India’s large and competitive auto market would be in line with Tesla’s increased focus on expanding global sales beyond the US and Europe. Only last year, the company began producing vehicles outside the US (in Shanghai).
The company has also had an electric 2020 (pun intended). Its market cap has surged above $600bn, it entered the benchmark S&P 500, its valuation rose to more than that of the nine largest car companies combined, and its share price has risen relentlessly.
Tesla’s wallet is now fat enough to fund an international expansion. For such growth companies, it typically becomes paramount to continue demonstrating growth in sales (or even a promising growth outlook) to justify elevated valuations. India offers that growth runway to a great extent.
India’s Eagerness for EV
Courting Tesla India Launch would also be in line with India’s clean energy aspirations. The Government has been actively pushing for EV adoption, with Gadkari saying India should “take the lead in producing electric vehicles”.
Billions of dollars in incentives have been proposed to help car companies go electric, incentivise R&D and localise manufacturing of components. (Significantly, this includes batteries such as lithium-ion batteries (LIB), which on average account for almost 40% of EVs’ manufacturing cost base.)
Last year, the GST rate for zero-emission vehicles was cut to 5% from 12% whilst ₹10,000cr was shelled out through the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. In August 2020, the Government allowed registration (and sale, impliedly) of electric vehicles in India without pre-fitted batteries.
Some states have announced specific targets for EV adoption. For instance, New Delhi – one of the most polluted cities on the planet – aims to achieve an EV market share of 25% across all new vehicle sales by 2024. Andhra Pradesh aims to turn 11K state buses electric by 2029. Uttar Pradesh wants to electrify 70% of its public transport by 2030.
Meanwhile, NITI Aayog, the official policy think tank, is working with different ministries to develop massive factories for lithium-ion batteries (on the lines of Tesla’s GigaFactory).
Tesla Car Showrooms in India
Tesla sells its cars in Indian four wheeler markets through a comprehensive network of showrooms spread across the nation. Find the details of Tesla showrooms & dealers nearest to your location in India and experience a hassle-free research.
Is Tesla cars available in India?
The big 2021 arrival of Tesla India Launch in the Indian market was confirmed by Union Minister Nitin Gadkari. The Model 3, Tesla’s best selling and most affordable one to this point, will be imported in large numbers to be sold directly in India.