India may provide Tesla with lower production costs than China

According to foreign media reports, in order to attract Tesla to build production in India, Indian Transport Minister Nitin Gadkari (Nitin Gadkari) stated that India is willing to provide Tesla with incentives to ensure the company's production costs in India. Lower than China. In an interview with the media, Gadkari also declared that Tesla should not only assemble vehicles in India, but should cooperate with local suppliers in India to carry out the production of the entire industry chain in India. But apart from stating that production costs will be lower than China, he did not elaborate on specific preferential policies that will be provided. And Tesla has not yet responded to this news. According to Reuters, due to the lack of charging infrastructure and the high cost of electric vehicles, the sales of electric vehicles in India last year accounted for only 5,000 of the 2.4 million vehicles sold in the country last year. In contrast, China's new energy passenger vehicle sales reached 1.25 million in 2020, and more than one-third of Tesla's total global sales will come from the Chinese market. Despite this, Gadkari showed full confidence in the interview. He believes that India may become Tesla’s main export center. The low manufacturing cost and the ability to transport vehicles to the global market will allow Tesla to benefit from it. beneficial. Previously, Tesla had registered a company in India and took the first step to enter the Indian market. However, according to people familiar with the matter, Tesla plans to sell Model 3 (parameter|inquiry) models in India through imports first, and there is no exact plan to build a factory in India for the time being.