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Tesla's CEO, Elon Musk, who has just completed his three-day visit to China, has expressed interest in visiting India early in 2019.
He stated that India generally makes it desperate when it comes to strict government regulations.
Responding to a tweet from a user, Musk, who is also founder of SpaceX, said he would soon be in India. "Probably early next year," replied the user, who asked when he plans to come to India.
Musk wants to deploy Tesla electric cars in India but the bureaucracy has forced him to curb his plans
He wanted to bring Tesla to India as early as the summer of 2017, but supply standards strict local authorities derailed his plans.
"I would like to be in India." Some government regulations difficult, unfortunately, "Musk tweeted
" Deepak Ahuja, our chief financial officer, comes from India, Tesla will be there as soon as he will deem it necessary, "added Musk
Ahuja, a seasoned CFO of the automotive industry with 15 years of experience at Ford. Motor Company, joined Tesla Motors as Chief Financial Officer in 2010.
In 2017, Musk said that Tesla cars could come to India in the summer, but there were no others new. [Muséo] later blamed foreign direct investment (FDI) standards for the delay in the entry of Tesla into the Indian market. [19659002] "Maybe I am misinformed, but I was told that 30% of the pieces had to come from local sources and that the offer does not yet exist in India to support this. ", he had tweeted
. Regarding reports on Tesla's launch plans in India being delayed, please note some key clarifications # MakeInIndia.
Tesla was to enter India with Model 3 which is selling for near Of $ 35,000.Budged on his Chinese dream, Elon Musk said on July 12 that he had excellent meetings with senior executives and that he was aiming at long-term investing in the country.
He signed a preliminary agreement with the Shanghai government to build a Tesla gigafactory in China, it is expected that 500,000 electric vehicles will be produced each year – doubling Tesla's production capacity. [19659002] Musk had already stated that China's progress in advanced infrastructure was "more than 100 times faster than in the United States." -IANS
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(This story was not edited by Business Standard staff and is generated automatically from a syndicated feed.)
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