Tesla Must Produce Locally to Scale in India, Targeting Rs 25-30 Lakh Price Range: CLSA

According to a recent CLSA report, Tesla needs to manufacture cars locally in India to achieve significant scale and keep prices competitive. The brokerage firm suggests that Tesla should aim for a price range of Rs 25-30 lakh to capture a substantial market share. This recommendation comes as Tesla finalizes its India entry plans, with the government reshaping its EV policy to attract global automakers. Tesla is expected to initially import vehicles, potentially starting sales in Mumbai, Delhi, and Bangalore around Q3 2025. However, to truly succeed in the price-sensitive Indian market, local production will be crucial for long-term growth and affordability.

 

Source: Based on CLSA report and recent news about Tesla's India entry plans.