Tesla CEO Elon Musk has once again shown his eagerness to enter the Indian market. Today, due to a number of requirements for his new Model Y compact SUV, Elon Musk revealed another exciting information. In a tweet, Musk added that he would love to be in India before this or next year.
"Would love to be there this year. If not, definitely next! India," Musk tweeted in response to a question. He added that "Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he thinks we should."
Elon Musk knows the potential of the promising Indian market for electric car manufacturers. He tried to enter the Indian market in 2017, but the attempt failed due to some policies. The last time he took a dig in the country's restrictive policy to delay the automaker's entry. He even owed FDI standards not to synchronize with the car manufacturer's wishes.
At that time, Tesla was set to launch Model 3 in India at a price of $ 35,000, 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 in Palo Alto, California.
Elon Musk continues to tease about the potential Indian vehicle market, but every time he failed to impress his Indian fans. We suggest that you take it lightly and not be too excited. He even claimed to install the largest Gigafactory in the country, but everything went in vain.
Unlike previous announcements, this or next year Tesla seems to be making its debut in India. Elon Musk did not mention any potential date or timing, but claimed to come within a few years.
As in the United States, the Indian Government's commitment to EV adoption will help manufacturers gain momentum. India is an important market for EV (Electronic Vehicles) after China.
Tesla launched its $ 5 billion factory in China this year. The company put on various markets to survive the growing competition on its domestic market. It is even part of Tesla's plans for wider expansion in 2020.