Elon Musk: Tesla To Enter India Market, ‘Next Year For Sure’

The question of Tesla's arrival in India has been a concern for quite some time. But now we have a concrete answer that indicates the company's serious intentions to enter this important market.

Tesla CEO Elon Musk wrote yesterday that the EV maker is finally ready to enter the Indian market in 2021.

Next year for sure

— Elon Musk (@elonmusk) October 2, 2020

Musk has previously mentioned, on several occasions, that he would like to bring Tesla to India. However, the country's government policies and regulations governing foreign direct investment are delaying the company's debut in the country. “Would love to be in India. Some challenging government regulations, unfortunately,” Musk wrote.

On September 21, it became known that Tesla is in talks with the industry department of the Karnataka state government to set up a research and development (R&D) center in Bangalore to harness the potential of India's tech capital.

“The first proposal is for an R&D center and we have already had at least two rounds of discussions," said one official from the department, requesting not to be named. He also said that Tesla's head of India and Karnataka State Commissioner for Industry meet again later this month.

Tesla Negotiating with Karnataka Government to Establish R&D Center in Bangalore https://t.co/ukoYERrKiC

— Tesmanian.com (@Tesmanian_com) September 21, 2020

 

 

Currently, India is building up its electric vehicle charging infrastructure, as it hopes to increasingly move toward sustainable energy and transport. Tesla and India appear to have reached a consensus, allowing for the world’s leading electric vehicle company to enter this important market.

© 2020, Eva Fox. All rights reserved.

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