Elon Musk recently spoke about how Tesla would come to India in 2021. While that can mean many things, local governments are now taking proactive steps to ensure smooth access.
Last month, reports emerged that Tesla was considering setting up a research facility in Bangalore. If that deal saw the light of day, it would be the first of its kind investment from the world’s most valuable automaker. Pending updates on that, another state has now joined the race to roll out the carpet for Musk and co. – Maharashtra.
We are strongly committed to policy making and change for sustainable development and I personally believe that electric mobility, powered by renewable energy, is the way forward. Let’s hope we can help make this thought mainstream soonOctober 22, 2020
The news comes from Minister of State Aaditya Thackeray herself, who announced they had invited the Tesla team to Maharashtra at a virtual meeting also attended by Subhash Desai, the local industries minister. He then spoke about effective policy making to encourage sustainable development. No further details were shared.
Earlier this month, Elon Musk arrived engaged in a Twitter conversation with the local Tesla community, replying “for sure next year” when asked when Tesla would enter India. People in India have been able to pre-order vehicles like the Model 3, but there is no update on the delivery status. In another tweet, he added, “Will likely release order configurator in January”.
Imported vehicles can be charged up to 100% customs duties in India. Such a model would not be ideal for a price-sensitive market like India. By setting up some sort of local assembly, Tesla was not only able to avoid some of these taxes, but also receive special government subsidies. The current cheapest vehicle is the base Model 3, which retails for around $ 35,000 (~ Rs 25,000). Musk claims the starting price of another upcoming vehicle will be just $ 25,000, but it will take about three years for it to arrive.
In addition to electric cars, Tesla is also involved in energy generation and storage. Many believe it will be the non-automotive products that will mark Tesla’s entry into India.