Publish his assembly with PM Modi, Elon Musk mentioned Tesla will likely be in India as quickly because it’s humanly doable. He additionally laid out the conditions for a sustainable power future for India. This isn’t the primary time he had vaguely talked of bringing Tesla to India. Right here’s a thread of all his tweets across the subject to grasp what’s the bottleneck.
Elon Musk Tesla India: The story up to now
Let’s attempt to see it in reverse chronological order.
On June 21, 2023, as a part of his 3-day maiden state go to in New York, Modi met Musk and amongst a variety of subjects, one of many speaking factors was Musk’s funding plans in India.
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Musk has proposed vital investments within the nation and is assured that Tesla’s entry into India received’t take lengthy. In his previous tweets, he has revealed why it hasn’t occurred but within the first place.
Tesla won’t put a producing plant in any location the place we aren’t allowed first to promote & service automobiles
— Elon Musk (@elonmusk) Might 27, 2022
Indian authorities needs Tesla to arrange its manufacturing base regionally. The corporate up to now has Gigafactories set in Shanghai, Germany, and the US. If a Gigafactory in India turns into a actuality, then that plant is prone to produce EV batteries and related applied sciences.
Nonetheless working by means of quite a lot of challenges with the federal government
— Elon Musk (@elonmusk) January 12, 2022
It is a shift from Tesla’s earlier stance which was to import its automobiles and elements to India. Nevertheless, then too it might’ve had hurdles to beat. What, you might ask? The reply is Tariffs/Taxes/Customized Obligation.
Additionally Learn: Musk meets PM Modi in New York and discusses the potential arrival of Tesla in India
For context, customs obligation on EVs with a worth of greater than $40,000 is now 70%.
In discussions with the federal government of India requesting non permanent aid on import penalties/restrictions till a neighborhood manufacturing unit is constructed
— Elon Musk (@elonmusk) June 14, 2017
So, the tentative launch timeline of Tesla in India has modified again and again.
Subsequent 12 months for positive
— Elon Musk (@elonmusk) October 2, 2020
India commits to promote solely electrical automobiles by 2030. It’s already the most important marketplace for solar energy. https://t.co/EGBNTPzmE5
— Elon Musk (@elonmusk) June 1, 2017
Would like to be there this 12 months. If not, positively subsequent! India
— Elon Musk (@elonmusk) March 15, 2019
Nonetheless, issues appear promising since he has been decided to increase Tesla to India for years now and the federal government can also be welcoming of the identical (with some circumstances). Even Musk agrees that the federal government’s intentions are in the very best curiosity of the nation. Let’s have a look at how issues additional unfold. We will preserve you posted on Tesla India information.
