Tesla set to enter Indian market in 202, indicated Musk

BusinessTesla set to enter Indian market in 202, indicated Musk

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Tesla set to enter Indian market in 202, indicated Musk

New Delhi: Tesla Inc. Chief Executive Elon Musk on Friday indicated that the US electric carmaker will make a swoop into the Indian market in 2021.

“Next year for sure,” Elon Musk said on Twitter in reply to a post by Tesla India Club with a photograph of a T-shirt with the message: “India wants Tesla”.

Musk, who holds a different identity amongst the Twitterati wrote, “Thanks for waiting!”

The entry of Tesla could come at a time when the Centre has focused more on promoting the use of the manufacture of electric vehicles in India.

The automobile sector in India is already reeling from a slowdown in demand in 2019. The sector was further hit by the COVID-19 pandemic. With the worst-hit market, the carmakers and automobile companies have sought the help of the government to push their sales.

Last year, Elon Musk commented on Tesla’s arrival to India in response to a Tweet.

India is now likely to become the next automatic frontier for Tesla after China.

The US electric car maker recently had cut their starting price of their Chinese made Model 3 Sedans by about 8 percent. The new price is now about 249,900 Yuan ($36,805).

Previously, the starting price for Model 3 Sedans made in Shanghai Tesla factory with a standard driving range was 271,550 Yuan. This price was after the state purchase subsidies.

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