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Tesla is showing interest in battery factory project in India, report says

August 20, 2019

Back in 2016, CEO Elon Musk said that Tesla had plans to enter the Indian market, but those plans have been delayed.

Jay Vijayan, who was then Tesla’s Chief Information Officer and was born in India, went to the country to investigate the possibility of Tesla starting to import cars in India.

After that, there was some confusion over Tesla’s ability to even import its vehicles in India in 2016.

At the time, Musk expressed concerns about local regulations forcing foreign retailers to source 30% of their parts locally that could prevent a launch.

The commerce and industry ministry responded to Musk telling him that he was wrong, but they actually assumed that Tesla would open a factory in India in order to sell cars in the country, but like almost all markets outside the US, Tesla first planned to import vehicles.

 

read the full article on electrek.co

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