Made in India Tesla car may debut with Rs 20 lac price tag

New Delhi, July 25 (KNN) Tesla has plans to build a factory in India to produce its all-new USD 24,000 (Rs 20 lakh) car, reported Reuters.

Representatives from Elon Musk-led Company are set to meet Union Minister for Commerce Piyush Goyal this month.

Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the person said, adding that the company had indicated that it would be for the new vehicle, reported Reuters.

The discussions represent a sharp reversal for the company after efforts last year to reduce import taxes on EVs shipped to India were scuppered by calls from government officials to commit to making cars locally.

Last month Elon Musk met India's Prime Minister Narendra Modi and said he intended to make a significant investment in the country.

The meeting with the commerce minister would be the highest level discussions between Tesla and the Indian government since then.  (KNN Bureau)