New Delhi: – Elon Musk, the CEO of Tesla Motors, gave clear indications that the Tesla company is set to enter the Indian market next year. While the Indian government is planning policy to increase the use of electric vehicles in the country, Tesla has decided to enter the Indian market.
Elon Musk, the CEO of Tesla Motors, revealed this information through a tweet. A t-shirt with a message ‘India wants Tesla’ was posted on Tweeter. While responding to the tweet, Elon Musk wrote, ‘Certainly next year’. Musk also said ‘Thank you for waiting’.
The Indian government is focusing on encouraging people to manufacture and use electric vehicles. Incentives have been offered on purchase of electric cars. Confidence is being expressed that an increase in the use of electric vehicles will help in bringing down the fuel bill and also strengthen the efforts being made to reduce pollution. Against this background, it is being claimed that if Tesla Motors entered India, it would help bring down the prices of the electric vehicles.
Tesla Motors recently slashed, substantially, the prices of their China-made Model-3 sedan. The company sold 11,000 vehicles in August. Whereas, now the company is trying to manufacture new models. The company shares have appreciated by 495% and the market capitalisation has reached $400 billion.
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