22 May 2017, India:
Are you one of those who is eagerly waiting for the dream car Tesla in India? Well, you might have to wait a while.
When asked about Tesla’s entry in India- Elon Musk had tweeted- Summer this year back in February. Things might not go according to the plan. When a person asked Musk about Tesla India release, Musk said, “Maybe I’m misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn’t yet exist in India to support that.”
@TheAvinashSingh Maybe I’m misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn’t yet exist in India to support that.
— Elon Musk (@elonmusk) May 22, 2017
So for Tesla to enter in India, we might have to wait until 2018 or worst case 2019! While India has set an ambitious target of moving to 100 percent electric mobility by 2030, it is continuing to push for local sourcing in order to boost the country’s manufacturing sector. Tesla, which is more akin to a technology firm than a traditional auto manufacturer would find it hard to meet the 30 per cent local sourcing norm from day one. (Image- Tesla)
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