You are here: Home » International » News » Companies
Business Standard

'Next year for sure': Elon Musk indicates date for Tesla's India entry

Tesla Inc chief executive Elon Musk indicated on Friday that the U.S. electric carmaker will make a foray into India in 2021

Topics
Tesla | Elon Musk

Agencies  |  BENGALURU 

Elon Musk, Tesla
Musk commented last year about coming to India, in response to someone on Twitter who asked

Chief Executive Officer Elon Musk  (pictured) indicated on Friday that the US electric carmaker would make a foray into India in 2021.
 
"Next year for sure," Musk said on Twitter in reply to a post with a photograph of a T-shirt with the message: "India wants Tesla". "Thanks for waiting," Musk said.

 
Last year, too, the chief of had commented about coming to India, in response to someone on Twitter who asked "What about India sir?".
 
"Would love to be there this year. If not, definitely next!" he had said in March 2019.
 
In July 2019, too, he had commented that he would love to come to India “probably... in a year’s time”.
 
But in August last year, Musk made a U-turn and said bringing Teslas to the country would be difficult as import duties were high and that would make Teslas unaffordable. “For other countries, we pay in part for the local factory by selling cars there ahead of time. Also, gives a sense of demand. Current rules in India prevent that, but recent changes in sales tax give hope for future changes,” he had tweeted.
 
recently announced the company was planning to build a $25,000 car by 2023.
 
The cheaper car would come from cutting the cost of batteries in half, Musk said, based on a series of innovations that include using dry electrode technology and making the battery a structural element of the car.
 
“This has always been our dream from the very beginning,” Musk said at the event showcasing Tesla’s battery technology. “In about three years from now, we are confident we can make a compelling $25,000 electric vehicle that is also fully autonomous.”
 
Tesla's entry in the Indian market could come at a time when Prime Minister Narendra Modi is increasingly becoming focused on promoting the use and manufacture of electric vehicles.
 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 02 2020. 15:08 IST
RECOMMENDED FOR YOU
.