Tesla to discuss factory plan for new $24,000 car with India commerce minister, says report

Tesla representatives are acceptable to conscionable India's commerce curate this period to sermon plans to physique a mill to nutrient what the institution has described arsenic an all-new $24,000 car, a idiosyncratic with nonstop cognition of the substance told Reuters.

Tesla has expressed an involvement successful gathering a mill successful India that would nutrient low-cost electrical vehicles (EVs) for the section marketplace and for export, the idiosyncratic said, adding that the institution had indicated that it would beryllium for the caller vehicle.

The gathering with the commerce curate would beryllium the highest level discussions betwixt Tesla and the Indian authorities since June erstwhile Elon Musk met India's Prime Minister Narendra Modi and said helium intended to marque a important concern successful the country.

The 2 cardinal rupee ($24,000) EV Tesla representatives were said to person described successful discussions astir a imaginable Indian works would beryllium 25% cheaper than its existent lowest priced offering, the Model 3 sedan which sells for the equivalent of conscionable implicit $32,200 successful China.

The $24,000 people terms for the caller Tesla conveyance was reported earlier this period by The Times of India newspaper.

Tesla did not instantly respond to a petition for comment.

Reuters reported successful May that Tesla executives visited India and held talks with officials connected establishing a manufacturing basal for cars and batteries successful India.

Discussions with Indian authorities officials successful New Delhi are scheduled to resume this month, 2 radical with cognition of the talks, who asked not to beryllium named due to the fact that the discussions stay private, told Reuters.

As portion of that, Tesla representatives are acceptable to conscionable Indian commerce curate Piyush Goyal, the archetypal idiosyncratic said, and discussions are expected to halfway astir mounting up an EV proviso concatenation and discussing onshore allotment for a factory.

The commerce ministry did not respond to a petition for comment.