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Tesla Chief Executive Elon Musk confirmed Sunday that Tesla will will be offered to the Indian market next year. Meanwhile, a new report says Tesla intends to manufacture vehicles in India.
Reuters cited local newspapers Indian Express and the Economic Times both reporting that Tesla plans to bring the Model 3 to the country.
Indian Express reported that if demand for the Model 3 is strong, Tesla is considering a local production facility. A factory in India would expand Tesla’s efforts in Asia, as the company has a factory in Shanghai that will scale to an annual production capacity of 500,000 vehicles. Tesla is also building factories in Berlin and Austin, Texas.
While India is a large country, it will be interesting to see if Tesla can find a strong market for a car that will likely cost nearly $75,000 at current exchange rates.