Home > Blog > Elon Musk’s Tesla is headed to India: Electric vehicle revolution story: EV charging station, Electric vehicle demand| KACSK Market Research
Electric vehicle

Elon Musk’s Tesla is headed to India: Electric vehicle revolution story: EV charging station, Electric vehicle demand| KACSK Market Research

Electric vehicle revolution story: EV charging station, Electric vehicle demand- Electric Vehicle Booming Future

Elon Musk, the CEO of Tesla vision of entering the Indian markets for back length. In the year, 2015 Prime Minister Narendra Modi visited Tesla headquarters at Palo Alto, California, and met Musk who gave PM a tour of the company’s electric car plant.

Access our Latest study report on the Electric Vehicle market

Tesla was expected to enter the Indian market with the Tesla Model 3 that sells for nearly $35,000 i.e. 25, 10,917.50 Indian Rupee. This Tesla Model 3 has received 5 stars from the Australasian New Car Assessment Program (ANCAP) safety ratings, which are published for a range of new passenger, sports utility, and light commercial vehicles. He has blamed the government’s policies for giving up on his idea of setting the electric car market in India. Elon also blamed the FDI norms for the delay in the electric car maker’s entry into the Indian market. In a recent interaction with the students of IIT Madras, Elon Musk told that Tesla might enter India by 2020. Though there are chances of high import duties which will make Tesla electric cars unaffordable in India.

The government of India is aiming at making the country a global Electric Vehicle manufacturing hub by reducing the GST rates on Electric Vehicles from 5% to 12%. There is less than 500 electric vehicle charging stations in India when the current need has been pegged at around 2,600.

Electric vehicle revolution story- Tesla is obtainable to enter India’s Automobile market early, changing the page to an important chapter in the countries.

Early 2021, an Indian minister said, each day after the tech-centric carmaker said it had been confident it might enter the world’s second-most populated market next year.

Electric Vehicle Charging System 

Tesla’s operations will begin with sales in early 2021 then “maybe” check out assembling and manufacturing vehicles within the country. Tesla has expressed interest in expanding to India.

Like somewhere else within the world, Musk has amassed fans in India. A couple of individuals paid the token amount of $1,000 to pre-order the Model 3 in 2016. Musk later liable the regulations for the delay in bringing the cars to patrons in India.

There are automakers operating in India. Hyundai, salt-to-steel giant, Maruti Suzuki, Tata, and Mahindra currently command the auto market in India. Within the past few years, Tata Motors, Hyundai, Morris Garages, and Mercedes have launched new electric models within the country, including the Mercedes EQC and Tata Nexon EV.

Tesla has long focused on expanding global sales and today has showrooms in Australia, Canada, China, Japan and Mexico, also as throughout Europe. It’s a final assembly facility in Tilburg, the Netherlands that opened in 2013. However, it wasn’t until 2019 that the corporate began producing vehicles outside of India. Tesla started producing electric vehicles at its factory in Shanghai Later 2019. Tesla is constructing another factory in Berlin also in Austin, Texas.

Conversely, it changed its stance and decided against formulating an electrical vehicle (EV) policy, saying technology shouldn’t be trapped by rules and regulations. This comes at a time when India is inclined to charge infrastructure for electric vehicles with the aim of drastically increasing the proportion of electrical vehicles plying on the roads. An assortment of automakers has sought clarity in policy for electric vehicles in India to formulate their plans within the segment.

Browse other related Report-

Electric Vehicle Charging Station

Browse All – Our Reports Hub provides a comprehensive insight into product trends and new market segments, creating a broad industry overview for Electric Vehicle Market, Electric Vehicle Charging Station, and Platform Research Report-

Leave a Reply

Your email address will not be published. Required fields are marked *