Known for its high-end EV models, earlier this year, Tesla went on a cost-cutting spree. Six months ago though, the EV-maker was on the verge of shutting down its office in India.
But last week, the company took up a sprawling office space in Pune on a 5 year-long lease. And last month, it was reported that Tesla’s plans to set up a factory in India with a yearly capacity of 5 lakh EV units.
Now, at a time when there is a the general fall in EV prices, it is admittedly chasing growth—even if it comes at the cost of profitability. In fact, the starting price-range of Tesla models in India could be as less as US$24,000.
Looks like the EV-making global giant is picking up cues from the reigning giant of India’s passenger EV market—Tata Motors.
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