This is a India news story, published by Mirror, that relates primarily to Teslas news.
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Chinese EV manufacturersMirror
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72% Informative
India is the world's third -largest auto market, following China and the United States .
The average price of cars sold in India in 2023 was $ 14,000 , compared to $ 47,000 in the U.S. A new Tesla 3 can be bought by an American for around $40,000 . In India , this is considered a luxury car price, and buyers expect top-notch after-sales service.
Many in India remain sceptical about EVs in what is considered a relatively small and congested market.
Tesla would need to hit a "sweet spot" pricing of around $30,000 for an affordable mass-market EV to truly captivate Indian consumers.
Even if Tesla agrees to build a factory in India within three years and starts selling its cars, the price of most imported Teslas would be on par with luxury vehicles from established brands like Mercedes Benz and Audi .
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