November 24, 2020

Tesla CEO Elon Musk hints at India entry in 2021



Electrical automobile maker Tesla Inc‘s CEO Elon Musk on Friday hinted on the firm’s entry into India in 2021.

“Subsequent 12 months for certain,” he mentioned on Twitter responding to a query if there was any progress with reference to the corporate’s India plans.

“Thanks for ready!” he mentioned to a different Twitter consumer on the identical thread.

The American automaker’s India entry might come shut on the heels of the exit of compatriots Harley Davidson and Basic Motors from the market. Ford too exited impartial operations within the nation after promoting its manufacturing plant and different belongings to a three way partnership firm it arrange with Mahindra and Mahindra.

Nevertheless, this was not the primary time that the top of the world’s Most worthy automobile firm has spoken about its India entry with little on-ground progress.

In July when an Indian Twitter consumer who had booked a Tesla Mannequin three over 4 years in the past requested Elon Musk when was the corporate anticipated in India, the latter mentioned, “Sorry, ought to hopefully be quickly!”

Earlier than that, he mentioned in March 2019: “Would like to be there (India) this 12 months. If not, positively subsequent!” In July that 12 months, he advised college students from IIT Madras that Tesla could be in India inside a 12 months.

Musk has up to now blamed India’s tax rules and tariffs for delaying Tesla’s foray into the nation.

“Would like to be in India. Some difficult authorities rules, sadly,” he mentioned on Twitter in March 2018. “Deepak Ahuja, our CFO, is from India. Tesla might be there as quickly as he believes we must always.”

Ahuja has since left the corporate.