Tesla’s car may start to get available in the Indian market from next month. Right now the company will sell cars in India only, but soon it has to make its own car in India. If the company does not do so, it will not be able to import his car cheaply. In such a situation, if Tesla makes its own car by installing its own factory in India, how much will it be cheaper?
How many automobile companies are in India? It can produce a total of 62 lakh cars per year in its factory, but currently only 75% of them are produced. In such a case, Elon Musk’s Tesla is initially looking for a contract manufacturing option to use only the remaining 25% capacity. But if it is truly seen, it can be beneficial for Tesla to establish a gigafacter in India.
How cheap Tesla will be in India
Tesla currently has 5 Gigs factories in the world. 3 of them are in America, one in Germany and one in China. The company also plans to set up a Giga factory in Mexico. According to ET news, if Tesla establishes a gigafacter in India with an annual production of 5 million units, it will be much cheaper than the US and Germany. It will also reduce its production cost.
If the Giga factory of this capacity is founded in Berlin, Germany, will cost up to $ 5 billion. While its price in Texas in the United States will reach $ 7 billion. In India, it will cost only $ 2 to 3 billion. The company will save not only in factory costs but also in labor costs. The cost of labor in India will be $ 2 to 5 (maximum of Rs. 500) per hour. While in the United States it will go up to $ 36 per hour and $ 45 per hour in Germany. On the other hand, if the company makes a car in India, it will get the benefit of a supply chain, the benefit of a large consumer market and the government will also get tax exemption benefits for a few years.
