Tesla May Enter India as Early as Next Year, Says Elon Musk

Jul. 29, 2019

Earlier this year, Tesla’s Indian-origin CFO, Deepak Ahuja, announced his retirement from the company, bringing Musk’s India dream to a halt once again. Tesla was expected to enter the Indian market with the Model 3 that sells for nearly $35,000 (around Rs. 23 lakh) in the US.

In January this year, Musk laid the foundation of Tesla Gigafactory in Shanghai – the company’s first-ever outside the US – that is expected to produce 500,000 electric vehicles per year, doubling the overall production capacity. Gigafactory Shanghai continues to take shape, and in Q2, Tesla started to move machinery into the facility for the first phase of production there. According to IANS, moving Tesla cars to India would be easy from the Gigafactory Shanghai once it starts operations.

With inputs from IANS

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