Elon Musk’s Tesla will be making an entry into India next year which will be a significant change for the country. The big-ticket investment in the form of Tesla will lift India as a brand on the world map.
It will also rid India of its dependence on China-led investments in the tech and auto sectors, and create more jobs and attract foreign investors.
While the decision’s technicalities for Tesla’s entry are yet to be finalised, Elon Musk is sure of his plan to bring electric cars on Indian roads. The electric car company owner has backed out from entering the country in the past due to certain government regulations.
Now, the Maharashtra government has invited Musk to our country and he has said that there is an India team working for next year for a definite Tesla entry.
Whether Musk will announce a Tesla plant or a collaboration with an existing player like Mahindra Electric in India, to push Prime Minister Narendra Modi’s domestic manufacturing dream, or source the EVs from other facilities (like Gigafactory in Shanghai, China which is the nearest one) is still not clear.
“Musk said he could be aiming for 20 million vehicles globally by 2030, replacing 1 per cent of the global fleet each year. Up to a tenth of that could come from India. But neither Tesla nor India will be ready in 2021 for any major ramp-up in EVs,” Roy told IANS.
Roy said he would expect Tesla to look at a three-pronged India strategy.
He added, “A base for software, testing and R&D, explore distribution tie-ups for charging networks and support for Model 3 buyers and evaluate tie-ups for initially assembling Model 3, while sourcing local suppliers for the body and components other than motor, battery and charger.”