Tesla Inc. is a US based Electric Vehicle manufacturing and clean energy company which is located in California. The company was founded in the year 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. It is named after Nikola Tesla who was an inventor and an electrical engineer. Elon Musk is the CEO of the company since 2008.
The main aim of the company is to increase and improve sustainable transport and energy. Tesla has entered India and has registered its company in January. Their manufacturing unit is located in Bangalore, Karnataka.
Tesla has appointed David Jon Feinstein who is a Global senior director of Tesla, Vaibhav Taneja who is a Chief accounting officer, and Venkatarangam Sreeram who is an entrepreneur as the directors of the Indian subsidiary.
Buying Tesla in India has been a hard task with just a few people in the country owning it. Mukesh Ambani who owns a Tesla Model S, Riteish Deshmuk who owns a Tesla Model X, and Prashant Ruia who owns Tesla model X.
When Tesla announced model 3 in 2016 to the world, they had considered India and started accepting reservations from the country. Vishal Gondal and many others had registered it from India. They paid an amount of $1,000 for the registration.
Back then India’s import duty was high that is up to 100% import duty for any car costing above INR 27 lakh and any car which cost lesser had an import duty of 60%.
The cheapest model of Tesla is Tesla Model 3 which would cost around INR25 lakhs in the global market. In India, there would be an additional 60% import duty on the vehicle. This will make the car costlier and unaffordable in India.
However, later it was found that having a plant in India and importing around 15% would help in reducing the price. The government also reduced the GST on Electric Vehicles from 12% to 5% and on charges which were 18% reducing it to the rate of 5%.
Elon Musk the CEO of Tesla said that the current changes in the sales tax give them hope for the changes in the future. This led to the registration of the company Tesla in India.
Tesla Model 3
Tesla Model 3 is believed to be launched by June 2021 with an ex-showroom price of INR 60 Lakhs. In India, it is expected to be launched in two variants namely Standard Plus and Long Range. Standard Plus would have a range of up to 423 km on a single charge. Long range would have a range of 568 km on a single charge.
Tesla Model S
Tesla Model S is a sedan that is believed to be launched in India by the end of July 2021. The ex-showroom price of this sedan model would be around INR 1.50 Crores. It is expected to have three different variants namely long range, plaid, and plaid+.
Long range would have a range of up to 660 km on a single charge and it comes with a dual-motor setup. Plaid would have a range of 627 km with a tri-motor setup and plaid+ will also have a tri-motor setup with a range of 837 km in a single charge.
Tesla Model X
Tesla Model X will be an SUV, it is expected to be launched in India by January 2022. The ex-showroom price of this SUV model would be around INR 2.00 Crores. It has 5 seating, 6 seating, and 7 seating models. It is expected to have two variants namely long range and plaid.
Long range would have a range of up to 579 km in a single charge and it comes with a dual-motor setup. Plaid would come with a tri-motor setup and have a range of up to 547 km in a single charge.
Electric Charging Stations
In the United States of America in the year 2020, out of all the vehicles sold only 1.3% were Electric Vehicles, and out of that 1.3%, 90% were Tesla models. The key reason for such demand for vehicles is their electric charging stations.
Tesla’s electric charging stations provide fast charging facilities and that is the unique selling point of Tesla vehicles. While other Electric Vehicles may take hours to charge, Tesla provides its charging station which provides fast charging facilities.
Tesla may come up with the fast-charging stations in India as well. India can expect it in the coming years after the launch of their different vehicle models. The government has plans to install one e-charging point in 69,000 petrol pumps.
There is an increase in air pollution and fuel prices are rising in the country. Hence there is a need for the government as well as the consumers to shift to Electric Vehicles. This act as an advantage for Tesla in India.
Who is the Founder of Tesla?
Tesla was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning.
Who was the first CEO of Tesla?
Martin Forest Eberhard was the first CEO of Tesla till 2008.
What companies has Tesla bought?
Tesla owns SolarCity Corp, Maxwell Technologies Inc, Grohmann Engineering, Perbix Machine Co. Inc. and Hibar Systems Ltd.
Tesla has a wide range of products. Tesla is not just a car manufacturing company. They provide different products which include Powerwall which helps to store solar energy and energy from renewable resources, solar panels, and solar roof tiles which can be used instead of a normal roof. Solar roof tiles help in generating solar energy.