Put up his assembly with PM Modi, Elon Musk stated Tesla might be in India as quickly because it’s humanly doable. He additionally laid out the stipulations for a sustainable vitality future for India. This isn’t the primary time he had vaguely talked of bringing Tesla to India. Right here’s a thread of all his tweets across the subject to grasp what’s the bottleneck.
Elon Musk Tesla India: The story to date
Let’s attempt to see it in reverse chronological order.
On June 21, 2023, as a part of his 3-day maiden state go to in New York, Modi met Musk and amongst a variety of subjects, one of many speaking factors was Musk’s funding plans in India.
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Musk has proposed important investments within the nation and is assured that Tesla’s entry into India gained’t take lengthy. In his previous tweets, he has revealed why it hasn’t occurred but within the first place.
Tesla is not going to put a producing plant in any location the place we aren’t allowed first to promote & service vehicles
— Elon Musk (@elonmusk) May 27, 2022
Indian authorities desires Tesla to arrange its manufacturing base regionally. The corporate to date has Gigafactories set in Shanghai, Germany, and the US. If a Gigafactory in India turns into a actuality, then that plant is more likely to produce EV batteries and related applied sciences.
Nonetheless working by way of a variety of challenges with the federal government
— Elon Musk (@elonmusk) January 12, 2022
This can be a shift from Tesla’s earlier stance which was to import its vehicles and parts to India. Nevertheless, then too it could’ve had hurdles to beat. What, you could ask? The reply is Tariffs/Taxes/Customized Responsibility.
Additionally Learn: Musk meets PM Modi in New York and discusses the potential arrival of Tesla in India
For context, customs obligation on EVs with a worth of greater than $40,000 is now 70%.
In discussions with the federal government of India requesting momentary reduction on import penalties/restrictions till an area manufacturing facility is constructed
— Elon Musk (@elonmusk) June 14, 2017
So, the tentative launch timeline of Tesla in India has modified again and again.
Subsequent yr for certain
— Elon Musk (@elonmusk) October 2, 2020
India commits to promote solely electrical vehicles by 2030. It’s already the biggest marketplace for solar energy. https://t.co/EGBNTPzmE5
— Elon Musk (@elonmusk) June 1, 2017
Would like to be there this yr. If not, positively subsequent! India
— Elon Musk (@elonmusk) March 15, 2019
Nonetheless, issues appear promising since he has been decided to increase Tesla to India for years now and the federal government can also be welcoming of the identical (with some situations). Even Musk agrees that the federal government’s intentions are in one of the best curiosity of the nation. Let’s have a look at how issues additional unfold. We will maintain you posted on Tesla India information.
