Musk said Tesla will enter the Indian market in 2021

 Musk said Tesla will enter the Indian market in 2021

Next year is for sure, Musk said in response to a post on twitter The post comes with a picture of a T-shirt with the line: India wants Tesla.. Musk also said, thank you for waiting.

Teslas entry into the Indian market is exactly what the Indian government wants, as Narendra Modi, Indias prime minister, is focusing on promoting the use and manufacture of electric vehicles in India. In order to promote the popularity of electric vehicles and reduce dependence on petroleum fuels, the Indian government plans to provide $4.6 billion in incentive funds to companies that set up manufacturing plants in India to produce advanced electric vehicle batteries, according to media reports.

Indias auto industry has just emerged from last years slowdown in demand, but now it has been hit by a new coronavirus pandemic. To sustain their performance and survive, car makers are seeking the support of the Indian government to boost sales.

In fact, musk expressed interest in the Indian market as early as 2016, but Tesla has been on the sidelines due to regulatory policy issues. Earlier media reports said Tesla intends to set up a research and development center in India and has held talks with the Indian government. Last year, musk commented again that Tesla would enter the Indian market. At the time, his comment was also in response to a post on twitter asking, hows India, sir?

Musk said in March 2019, I really want to go there this year. If not, it must be next year!

Tesla electric vehicle market demand is very strong, according to the company recently released data, the third quarter of this year its electric vehicle delivery volume reached 139300 units, better than the record of 112000 units in the same period last year. Modelx and models delivered 15200 vehicles in the third quarter, while Model3 and modely delivered 124100 vehicles in total.

Source of this article: Zhang Zutao, responsible editor of Netease science and Technology Report_ NT5054