Elon Musk replies to Tesla Club page — “Next year for sure”
Next year for sure
- Elon Musk (@elonmusk) October 2, 2020
On 2nd Oct, Tesla club tweeted that India wanted Tesla and guess what Elon Musk replied “Next year for sure” In continuation he tweeted to another fan “Thanks for waiting”
Thanks for waiting!
- Elon Musk (@elonmusk) October 2, 2020
So what could be the future of Tesla in India? what could be the future of EVs in India? Lets deep-dive.
According to some reports, Tesla tried to enter Indian market way before.In 2014, Tesla had said it was keen to enter the Indian market and even identified the country as one of the possible locations to set up a manufacturing plant in Asia.
It, however, said high duty on imported vehicles and lack of a separate category for electric cars prevented it from selling vehicles here despite having a huge potential. Economic times
If Tesla would be entering India Next year it would be sort of R&D thing in Bengaluru according to some reports, Don’t expect that you will be seeing Tesla cars by next year on Indian Roads.
Leading Car manufacturing giant Volkswagen group said that they will not enter the India soon with EVs as e-mobility is still expensive in India, market is not that mature and it needs to develop EV infrastructure according to auto hindustan times.
However India is planing to boost EVs , they also included in budget 2019. India wants to give incentive to make demands for SV. Buying a two-wheeler, an e-rickshaw or freight vehicles is now going to allow a benefit of up to Rs 30,000 and for a four-wheeler, a benefit of up to 1.5 lakh which is the first of its kind in the country . According to Business Today.
Your Teslas could also be quite expensive. Under FAME (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles), the government has allotted nearly Rs 11,000 crore over a period of three years to boost local manufacturing of EVs and for setting up of charging stations. At the same time, the government has also increased customs duty on Completely Built Units — the route Tesla is likely to take for its India entry — from 25 per cent to 40 per cent.
Break-up of EV sales in India in 2019–20: According to Bloomberg Quint.
However our union minister is pretty confident that there will be boom in EVs market. Below are his view according to Wikipedia
Union Road Transport Minister Nitin Gadkari stated today that he believes India will be a manufacturing hub for electric vehicles within the next five years, adding that several countries do not want to deal with China after the COVID-19 crisis which can be an opportunity for India. The minister asked Indian automotive companies to boost their electric vehicle technology and also to focus on finding alternatives to lithium-ion battery tech to help make India the next global manufacturing hub for electric vehicles.
“I am confident that in five years Indian will become the number one hub for manufacturing electric buses, cars and two-wheelers. There is also a blessing in disguise that a majority of countries are not interested in dealing with China anymore. So, now there is a huge potential for India,” Gadkari said.
Below are Current EV cars on India Road.
* Hyundai Kona Electric.
* Mahindra e-Verito.
* Mahindra e2o.
* MG ZS EV.
* Tata Tigor EV 2019 (Only for Commercial purposes)
* Tata Nexon EV 2020.
* Mercedes Benz EQC (launch around the corner)
Having said that, Indian market is big and bold and Tesla will be in hurry to enter it soon, They surely don’t want to give up there cup of tea to others and wish we could see falcon wings in near future.
Originally published at https://freeworldaround.blogspot.com on October 20, 2020.
