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Tesla Roadster 2 predicted to hit the streets in 2022 |
Tesla announced in January 2021 that will come to India, they have reportedly booked an office in Bangalore. A miss-leading tweet, of Tesla and Tata partnering to develop and launch electric cars blew-up the internet.
Tesla sure has a busy start to the new year, but is it ready to face the India crowd?
Let’s discuss it.
What do we know about Tesla India?
Elon Musk the CEO and Founder of Tesla Inc. confirmed its launch in India thought twitter.
As promised - Elon Musk
— Elon Musk (@elonmusk) January 13, 2021
Tesla has been rapidly spreading its wings in the global car market. We saw a surge of almost +500% in Tesla share prices between March 2020 and January 2021; propelling Elon Musk to surpass Jeff Bezos as the richest man alive.
India is the second most populated country in the world and its not in Musk’s nature to miss out on such an opportunity.
How Tesla affects the EV market in India?
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Hyundai KONA an BEV available in India. It has a 450km range. Image source : hyundai.com |
Car manufactures such as Tata, Mahindra, Hyundai and others have been sluggishly working towards launching battery electric cars in India. This is to meet the Indian Government’s initiative to see full electrification by 2030.
They have tested the waters with electrified version of their existing IC engine cars , be it a BEV, HEV or others; but have seen poor response.
They had
> Very Low Ranges -
Lack of battery manufacturing infrastructure has led to shorter ranges anywhere from 150 - 500km only.
> Lack of charging Infrastructure -
Until recently, third party EV charging companies were non-existent. It forced customers to charge at home, which is a high-risk factor due to risk of circuit overloading.
> Poor Gov. Compliance -
A rather self-defeating move. Policies weren’t in favour of Electric cars.
All this has completely changed.
Today as we have India’s first Battery manufacturing plant in Gujarat. TDS-G.
Many 3rd party electric car charging station firms have popped up across the country.
And more favourable Gov. Policies that include benefits to electric car owners.
But manufacturers have been low key, quietly working inside locked door and with little to no marketing towards a push for electric vehicles.
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Tesla Model 3 is there most affordable and advanced electric car. image source : unsplash |
Tesla has threatened their leadership in the domain; Companies have become more vocal about their mission to keep up.
The Indian EV market has heated significantly owing to electric vehicle startups coming into the light.
Many companies such as Hyundai, Toyota and others have been invested on innovation and development of autonomous driving technology.
Tesla is the current king of the hill in self driving technology, all its cars models already have LEVEL 1 autonomy and they also have all the gadgets required for LEVEL 5 already baked-in.
The World of autonomous vehicle has a lot to look forward to in 2021.
Telsa - Tata partnership is not happening
Following the miss information about a Tesla - Tata partnership. The Tweet that started it all was removed and Tata delivered a public statement that they have no such plans as reported by livemint.
Another false rumor suggested that, Tata has announced they will launch an electric car in March 2021 with a mind-bending 1000 KM range.
Multiple sources has verified this to be fake.
Conclusion
Competition in the auto world is heating every day, and it is a hoot to watch it unfold. This puts me in wonder, what would the auto-Industry look like a decade from now?
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