File photo of Elon Musk. Photograph:( Reuters )
Tesla CEO Elon Musk on Wednesday confirmed that Tesla will not be making its launch in India anytime soon, suggesting in a tweeted earlier this morning.
Musk said that it was up to the CFO, Deepak Ahuja, who suggested that the restrictive policy environment in India is acting as an obstacle in the electric vehicle's local production.
“Would love to be in India. Some challenging government regulations, unfortunately. Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should,” Musk replied to a Twitter user who had said, “No Tesla in India.”
While many prominent Indians have shown a keen interest in Tesla’s vehicles, the firm is yet to take concrete steps to foray into the Indian market.
Last May, Musk had taken to Twitter to announce that his India plans had been derailed by the country’s Make in India push, which requires foreign companies to source at least 30% of their products locally. “…the supply doesn’t yet exist in India to support that,” he wrote.
A month on, Musk said Tesla was seeking temporary relief from import duties in India, presumably to start selling in the country sooner and with an affordable price tag. Although at the time, the official Make In India Twitter account clarified that only foreign retailers—not manufacturers—were subject to the local-sourcing clause, there was still no word on Tesla’s entry in the country.
Elon Musk has revealed plans to install 10,000 Supercharger stations for his company's electric vehicles around the world by the end of 2019.
Would love to be in India. Some challenging government regulations, unfortunately. Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should.— Elon Musk (@elonmusk) May 30, 2018