Tesla CEO Elon Musk has once again shown his eagerness to enter the Indian market. Today, amid a series of claims regarding its new Model Y compact SUV, Elon Musk revealed another exciting information. In a tweet, Musk added that he would love to be in India by this or next year.
“Would love to be there this year. If not, definitely next! India,” Musk tweeted in response to a question. He further added that “Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should.”
Elon Musk knows the potential of the promising Indian market for electric vehicle makers. He tried to enter the Indian market in 2017, but the attempt failed due to some policies. Last time, he took a dig on the country’s restrictive policy for delaying automaker’s entry. He even blamed FDI norms for being not in sync with the car maker’s desires.
At that time, Tesla was set to launch Model 3 in India for the price of $35000 which roughly translates to Rs 24,14,000. Tesla came into action after India’s Prime Minister Narendra Modi visited the company’s headquarters in 2015 at Palo Alto, California.
Elon Musk continually keeps teasing about the potential Indian vehicles market, but every time he failed to impress his Indian fans. We suggest you take this lightly and don’t get too excited. He even claimed to install the biggest Gigafactory in the country, but all went in vain.
Unlike previous announcements, it appears this or next year Tesla will surely make its debut in India. Elon Musk didn’t mention any potential date or timings but claimed to be coming within a couple of years.
As like in the US, the Indian government’s efforts for EV adoption will help the manufacturers to gain momentum. India is an essential market for EV (Electronic Vehicles) after China.
Tesla launched its $5 billion factory in China this year. The company set to tap different markets to survive against the increasing competition on its home turf. It’s even part of Tesla’s “Broader expansion” plans in 2020.
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