Elon Musk Hints at Bringing His Business to India


Tesla Chief Executive Officer Elon Musk hinted that his company has plans to establish a ‘partial presence’ in India, Africa, and South America by the end of next year with an aim to expand further in 2020.

The company which is known for its electric cars also has plans to expand in North America, Eastern Europe, China, and Japan, Musk revealed in his tweets.

Musk had shared these plans after a Twitter user claimed that Tesla and South Korean multinational conglomerate Samsung are together the largest producers of batteries for electric vehicles around the globe.

Earlier in June 2017, Musk had tweeted that Tesla was in discussions with Indian hovergover for ‘temporary relief on import penalties/restrictions until a local factory is built.’

If Tesla could find a way to India, the country’s automotive sector would see a positive growth, especially in electric vehicle segment.

With global companies like Facebook, Google, Samsung,Honda already paving their way into settling their business and local production plants in the country, Tesla continues to be a high-end product with consistent delay/manufacturing issues. In such a situation, entering India to compete against Indian players like TATA, Hero MotoCorp.etc, along with global players way ahead in the game, could prove to be a challenge for Tesla.

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