In 2016, Tesla commenced bookings for Model 3 sedan in India. The official price of Model 3 was $35,000 when it was unveiled and $1000 was the booking amount
Tesla Motors the electric manufacturer based in California is interested in Indian market. Even though Tesla expressed it few times, till now the exact reason of delay were unknown. When a user on twitter said “No Tesla in India”, Elon Musk CEO of Tesla Motors replied that we would love to be in India, But some challenging government policy is holding them back.
He also said that Deepak Ahuja, our CFO is from India and Tesla will be there as soon as he believes. From this tweet, we can confirm that the man behind Tesla India entry will be Deepak Ahuja as he know the home market and our people very well which could play an important role of how successful Tesla will be in India.
Ahuja is a graduate from IIT Varanasi and worked in Tesla till 2015. Then he joined the company back again in March last year. Indian automobile market is going to be one of the largest in the world behind China in coming years, So Tesla can’t miss our market as Indians generally like tech loaded cars.
Elon Musk earlier tweeted about his concerns over the 30 percent local sourcing norms and supply problems. Indian government was quick to reply to his concern that the country’s FDI policy does not mandate 30 percent sourcing of components by manufacturers. According to the policy, after manufacturing in India, a foreign investor is permitted to sell its products through mediums such as wholesale, retail and e-commerce.
In 2016, Tesla commenced bookings for Model 3 sedan in India. The official price of Model 3 was $35,000 when it was unveiled and $1000 was the booking amount. The company has received an overwhelming response for the Model 3 sedan in India and Indian corporates like Paytm’s Vijay Shekhar Sharma and venture capitalist Mahesh Murthy were one of the first people’s to book the sedan officially in India.
Indian government is giving lots of importance for electric cars as they want atleast 30 percent of cars sold in India by 2030 to be electric cars in personal car segment and 100 percent in public transport. We can expect a clear strategy from the government in coming years which will give confidence for manufacturers to bring EVs to India.