Tesla Model 3 Coming To Indian In 2019
Tesla Model 3 and are based out of the Indian subcontinent, you’re likely to be very very confused. There have been all kinds of whispers going around with regards to Tesla’s Elon Musk and of course our very own Prime-ministerial enigma Narendra Modi. First off the idea that Tesla is interested in setting up a plant in India but will it ever happen? Yes, all accounted for, have theoretically, there is no reason as to why they shouldn’t and local production would also translate into lower prices for the Model 3 in the near future. However, it is extremely speculative to expect anything to take off on that front till 2019. At which point, we expect that not only will the Model 3 has been on the road for almost a year but other players too will be in the market, including the local market players like Mahindra et al. Alternatively you could import one, and that means that you’d be adding a 60% duty on the Model 3 which retails at about $ 35,000 USD or 22 lakh rupees. Add to that the 60% duty and the total valuation comes up to 37 lakhs approximately. On the flip side, things could change drastically for Tesla if they start manufacturing in India, duties will drop to mere 10% bringing the Model 3 in at a speculative 24 lakh!