There is a palpable excitement as Elon Musk, the CEO of Tesla and SpaceX, is likely to touch the Indian soil within a week, fanning the embers of myth that he could well talk about the discerned developments of the Indian auto market by his company.
Mr. Musk’s visite has taken place during the period when india is taking steps to suggest and promote the electric mobility while reducing it’s carbon footprint. The Indian government is pursuing the lookout of an electric future with a host of incentives and policies that in turn push the market to be more attractive for Tesla to enter.
According to sources related to the matter, Musk’s visit is mainly to engage with Indian authorities and business leaders and would cover talks on investments and co-operation for development of electric vehicle sector. Tesla’s move of setting foot in the Indian market has often been told around the fire, when Tesla was initially challenged with import tariffs and local manufacturing requirements.
Yet, the past has proven itself to be challenging for Tesla to enter the Indian market especially in places with a rather vast population. However, with the present scenario that the Indian government has plans to introduce a comprehensive EV ecosystem and also the growing demand for eco-friendly transportation solutions, the prospects for Tesla to arrive has been restored.
“Elon Musk’s arrival in India is a significant milestone,” said Naveen Munjal, an industry analyst, regarding the country’s electric vehicles charger landscape. “Tesla’s participation may shake up the sector becoming a forerunner in EVs diffusion and at the same time prompting innovation.”
While Musk remained silent about Tesla’s exact plans for India, the specialists living in the industry have estimated that he might announce Tesla’s set-up of manufacturing plant and research and development here in India
