Tesla CEO and founder, Elon Musk recently hinted that the electric vehicle manufacturing company could enter India, by 2019.
Conceding that his company had missed several geographical regions, Musk during a Twitter conversation with fans said his firm could soon enter these unserved regions, one of which is India.
“Recently asked service team to expand locations to all population regions (not just major metros) in North America, Eastern Europe, China & Japan by end of next year. We are completely missing vast geographic regions in some cases. Hopefully, partial presence in India by the end of next year, with broader expansion by 2020,” Musk tweeted.
This is not the first time Musk has shown interest to enter India by 2019. He had earlier said, “Would love to be in India. Some challenging government regulations, unfortunately,” adding, “Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should.”
It seems the ‘Make in India’ program, a pet project of Prime Minister Narendra Modi, is one of the biggest roadblocks for Tesla to launch in India. In 2017, when asked if Tesla will come to India by 2018, Musk had tweeted, “Maybe I'm misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn't yet exist in India to support that.”
In 2016, Musk had announced the launch of its Model 3 which he said the company has opened orders from countries such as India, Brazil, South Africa, New Zealand, etc. Vijay Shekhar Sharma, founder of online payment behemoth Paytm pre-orders the Model 3 in April 2016, just after the launch.
Apart from announcing the launch of Tesla in India by next year, Musk also mentioned his plans to manufacture battery modules and packs at its China Giga factory, much like the company does it in California and Nevada.
His tweet further read, “Cell production will be sourced locally, most likely from several companies (including Panasonic), in order to meet demand in a timely manner. To clarify further, the long-term goal for Tesla mass market products is local production for local markets (at least at the convenient level). This is critical to make pricing as affordable as possible.”