A CLSA report has highlighted that with a reduced tariff rate of 15-20 per cent, Tesla price in India will be more expensive than its domestic competitors like Maruti Suzuki. The company will need to open a manufacturing unit in India to keep up with competition.

Amid speculations over Tesla's India entry, CLSA has said that EV maker’s cheapest car would cost around INR 35 Lakh in the country.

India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing,

Tesla is preparing for its highly anticipated entry into the Indian market, a move that has generated excitement among EV enthusiasts and potential buyers. However, despite the possible reduction in import duties,

As Tesla is soon planning to enter in India, even after the reduction in the import duty to below 20 per cent, the cheapest car of Tesla will cost around Rs 35 to 40 lakh, says a report by CLSA, a global capital market company.

Tesla's entry would not have a significant impact on major Indian automakers, as the overall penetration of EVs in India remains lower, the report claimed

Recent media reports indicate that Tesla has been in discussions with Andhra Pradesh, which is offering pre-acquired land in multiple locations. The stat