India-bound Tesla Model 3 Revealed
Elon Musk, CEO, Tesla Motors, has revealed the India-bound Tesla Model 3 via uploading a video on his twitter handle. The video gives a quick view of the electric car, which has been described as a “release candidate version”. However, a few media reports claim that video shows almost production-ready version of the car that will enter into limited production in July 2017. The company will commence its volume production by September 2017.
With an aim to ramp-up the Model 3’s production, the American electric car company will raise $1.4 billion (Rs 6,740 crore approx.) new capital fund. The carmaker is also planning setup a wide Supercharger network across the country. First previewed on 31st March at an event in Los Angeles, the Tesla Model 3 will make its way to India during summer this year. It will be the first electric car from the US-based electric car giant in India.
Since its unveiling, the Model 3 has been receiving an outstanding response from buyers across the global. And proof of this lies in the fact that the Model 3 registered over 3 lakh bookings within first week of its world debut. Touted as the most affordable electric car from Tesla, this saloon carries a coupe-like rear design that seems inspired by the Model X. The Model 3 is claimed to have a new structure, new battery architecture and new motor technology.
Tesla has designed the Model 3 in such a way that the company can produce the vehicle quickly while keeping the cost under check. The Tesla Model 3 sedan will also be introduced in other developing nations including Brazil, New Zealand, South Korea, South Africa, Ireland and Singapore, confirmed Elon Musk, Founder & CEO Tesla Motors, on his Twitter handle.