Tesla May Come to India in 2019, CEO Elon Musk Tweets

Tesla CEO Elon Musk has as soon as once more vouched to make India his subsequent massive market. Breaking his silence over India after 10 months, Musk tweeted late Friday that he would like to be in India in 2019 or subsequent 12 months.

“Would love to be there this year. If not, definitely next! India,” Musk tweeted in response to a query.

His tweet got here after Musk earlier blamed the Indian authorities’s restrictive insurance policies for giving up on his India goals.

Musk additionally blamed the FDI norms for the delay within the electrical automotive maker’s entry into the Indian market.

Earlier this 12 months, Tesla’s Indian-origin Chief Financial Officer Deepak Ahuja introduced his retirement from the agency, thus bringing Musk’s India dream to a halt once more.

Musk needed to drive Tesla in India in 2017 and Ahuja, who labored out of Tesla’s San Carlos headquarters, stop the corporate in 2015 solely to rejoin in 2017.

In May final 12 months, Tesla CEO Elon Musk stated he would nonetheless like to roll out Tesla electrical automobiles in India however the robust authorities rules have compelled him to use the brakes on his plans.

“Would love to be in India. Some challenging government regulations, unfortunately,” Musk tweeted in response to a Twitter person who wrote “No Tesla in India” on his Twitter deal with.

“Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should,” added Musk, additionally the SpaceX founder.

Tesla was anticipated to enter India with the Model three that sells for practically $35,000 (roughly Rs. 24,14,000).

In 2015, Prime Minister Narendra Modi visited Tesla headquarters at Palo Alto, California and met Musk who gave Modi a tour of the corporate’s electrical automotive plant.