Tesla Preparing for Made in India Electric Cars, Rs 20 Lakh Would be Starting Price

American electric car maker Tesla has started talks with the central government on an investment proposal to set up a factory in India. The annual capacity of the company’s factory will be around five lakh units. The prices of the company’s India-made electric cars can start from Rs 20 lakh.

a media Report Quoting government sources, it has been told that this company, led by Billionaire Elon Musk, also plans to make India a base for exports. Tesla did not respond to a request for comment from Reuters. Musk had a meeting with Prime Minister Narendra Modi in America last month. In this meeting, Modi encouraged Musk to invest in India. After this Musk had said that he is considering investing in India as soon as possible. He said, “India has more potential than any big country in the world. I am sure Tesla will come to India as soon as possible.” Musk also hinted at visiting India next year.

Tesla is set to launch fully autonomous vehicles by the end of this year. The company has been developing this technology for the last few years. Earlier, Musk could not meet his deadline to bring fully autonomous self-driving vehicles. “I think we’re very close to achieving full self-driving without human supervision,” Musk said in his address via video link to a conference on artificial intelligence in Shanghai, China. By the end such vehicles can be launched.”

He had admitted that his forecast about the previous deadline for launching this technology was wrong. Musk said, “I think we’re closer to it this time than we’ve ever been.” China is the biggest market for Tesla. Recently the company had told that it would set up a second big factory in Shanghai. Vehicle deliveries grew 83 percent in Tesla’s second quarter. The company has cut vehicles several times in the last few months.