Electric Vehicle companies are expected to increase the price of their respective vehicles. Tesla is all set to increase the price of its Model Y in several European countries. It is reported that the company will be increasing the price of the Model Y by as high as 2,000 Euros.
Tesla Model Y to be more costly in Europe from March 22nd
Elon Musk the CEO of the company has said that Tesla has shared its plans to raise prices for its Model Y in several European countries starting March 22nd 2024. The increase will be approximately 2,000 euros and this decision follows a similar announcement for a $1,000 price hike for all Model Y cars in the U.S. effective April 1st 2024.
Earlier, on March 1st 2024, Tesla had already raised prices for its Model Y rear-wheel drive and long-range versions by $1,000 each, bringing their prices to $43,990 and $48,990, respectively. Tesla is an upcoming car brand which is all set to land in India. In its India product line-up, Tesla has 2 upcoming cars - Model 3 and Model S. Tesla brand's 1st upcoming car Model 3 is expected to launch soon in India at an expected price of Rs. 70.00 Lakh.
Tesla Model 3 Key Specifications
Engine:
Tesla launched its Model 3 electric car powered by four battery options, including 54kWh, 62kWh, 75kWh, and 82kWh. The model can run for 354kms to 523kms on a full charge.
Exterior design:
Tesla Model 3 includes sweptback LED headlamps, LED tail lights, 18inch alloy wheels, A-pillar mounted ORVMs, rear bumper-mounted reflectors.
Interior and features:
Tesla Model 3 electric car was launched with a large tablet screen in the centre of the dashboard that works as an infotainment system and doubles up as the instrument console.
Seating capacity:
The Tesla Model 3 has a seating capacity of five members. Recentlty, the Indian government approved the new EV policy. The focus of the government in the new EV policy will be on domestic EV manufacturing. The policy is designed also to attract investments in the e-vehicle space by reputed global EV manufacturers.
Musk and the Indian government have gone back-and-forth on the subject of tax breaks; the X (formerly Twitter) boss showed an interest in India as early as 2019 but has lamented high import duties that make his cars "unaffordable"; the cheapest Tesla car retails for around ₹ 70 lakh each in India. The recent policy requires EV companies to invest a minimum of Rs. 4,150 crore, set up a production facility within three years, and reach 50 per cent DVA, or domestic value addition, within five. This includes 25 per cent localisation by the third year and 50 per cent by the fifth.
