The company is expected to make an entrance into the Indian market through a project to sell its least expensive car, namely Model 3, in the region.
Tesla Motors has recently shown interest in building up a unit in the Indian region for attracting Asian customers towards its electric cars as well. The automaker has so far penetrated into markets such as in Japan, Hong Kong, Australia, and China, which means that India is not the first Asian country where the EV maker will be kicking off business activities in. The high-end car making company will also be starting selling off its smart cars in the country, which is going to provide the people in the country with the opportunity to use the new technology in cars, using electric engines instead of the ones that are run by gas or fuel. Recently, Indian PM was seen to make a visit to one of the factories of the electric car making company in California, which has made the analysts in the industry think of how this could be just a hint of how the automaker might end up entering the country in near future. So far, this news has not been confirmed by the official sources that the luxury carmakers will be selling off its cars in the region but according to a financial firm in India, it was suggested that the electric carmaker is sure to be planning something big to do in the Asian country. The same report by Mumbai-based online equity also discusses Tesla business plans of opening up a plant in the country in order to start business activities in the region in a much better way. This should be the priority of the company regarding this situation to increase the production and meet its desired goal. The Model 3, which is an SUV of the company that is comparatively offered to the customers in a much cheaper price than any other cars of the giant, is expected to be produced and manufactured in the plant that gets build up in India by the auto-making giant, according to the equity portal. In other news, it was also reported that Tesla might also be in serious discussions with the government of India to help it cut off on the import duties so that it can deliver the electric cars to the customer sin the country without facing too much tax payment. Furthermore, the hybrid car makers are also looking towards ensuring that the EVs it sells in the country are sold in such a way that maximum profit can be obtained from it.
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