India is on the cusp of the electric car revolution as the world’s biggest electric car manufacturer “Tesla” arrived on the Indian shore. An Indian subsidiary of Tesla has registered as Tesla India Motors and Energy Limited with the Registrar of Companies in India and incorporated on January 8.
Tesla had also appointed three directors for Tesla India Motors and Energy Limited Vaibhav Taneja, Venkatrangam Sreeram and David Jon Fonstein. Tesla Chief Elon Musk had hinted towards opening India operations in 2021 on Twitter. The Company will start off with Tesla Model-3 mostly likely in the second half of 2021. The Company will initially start with Completely Built-up Units (CBU) cars, which may drive up the price to somewhere around Rs 60 lakhs.
Tesla Model-3 is the world-wide best-selling model of Company. The model-3 has three variants as Standard Range Plus, Long Range and Performance. Standard variant has a range of 420 km whereas Long Range variant comes with 560 km.