Put up his assembly with PM Modi, Elon Musk stated Tesla shall be in India as quickly because it’s humanly potential. 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 matter 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’re not allowed first to promote & service vehicles
— Elon Musk (@elonmusk) May 27, 2022
Indian authorities desires 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 more likely to produce EV batteries and related applied sciences.
Nonetheless working by way of numerous challenges with the federal government
— Elon Musk (@elonmusk) January 12, 2022
This can be a shift from Tesla’s earlier stance which was to import its vehicles and parts to India. Nevertheless, then too it could’ve had hurdles to beat. What, it’s possible you’ll ask? The reply is Tariffs/Taxes/Customized Responsibility.
Additionally Learn: Musk meets PM Modi in New York and discusses the potential arrival of Tesla in India
For context, customs responsibility on EVs with a worth of greater than $40,000 is now 70%.
In discussions with the federal government of India requesting momentary reduction on import penalties/restrictions till an area 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 yr for positive
— Elon Musk (@elonmusk) October 2, 2020
India commits to promote solely electrical vehicles by 2030. It’s already the biggest marketplace for solar energy. https://t.co/EGBNTPzmE5
— Elon Musk (@elonmusk) June 1, 2017
Would like to be there this yr. If not, undoubtedly 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 be welcoming of the identical (with some circumstances). Even Musk agrees that the federal government’s intentions are in the most effective curiosity of the nation. Let’s have a look at how issues additional unfold. We will preserve you posted on Tesla India information.