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Elon Musk: Tesla’s India fate lies in the hands of this Indian
Responding to a tweet regarding Tesla’s venture into India, Electric carmaker Tesla Motors CEO Elon Musk said that the company is still not quite ready to drive into India. However, he added that the company would love to be in India and the time would be decided by India’s own Deepak Ahuja, who is the CFO of the company.
Responding to a tweet regarding Tesla’s venture into India, Electric carmaker Tesla Motors CEO Elon Musk said that the company is still not quite ready to drive into India. However, he added that the company would love to be in India and the time would be decided by India’s own Deepak Ahuja, who is the CFO of the company.
Deepak Ahuja joined Tesla in 2008 and before that, he graduated IIT, Varanasi (formerly Benaras Hindu University) from the class of 1985. While he left Tesla in 2015, Mr Ahuja returned to the company last year.
As per the tweet made by Elon Musk, it suggests that Ahuja will be the driving force to decide when Tesla cars will actually hit Indian roads.
In April 2016, Tesla began taking bookings from Indian customers for its $35,000 (over Rs 23.5 lakh) Model 3 sedan.
However, in May last year, Musk had hinted in a tweet that Tesla may have to put its India plans on hold due to the local sourcing norms and supply issues.
The Tesla Chief believed that 30 percent parts must be sourced locally as per Indian regulations and that India doesn’t have the necessary supply chain yet. Responding to Musk, the Indian government stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers and the foreign investor, after manufacturing in India, is permitted to sell its products in any manner - wholesale, retail or e-commerce.
Now, India plans to have over 30 percent of vehicles run on electricity by 2030 to reduce air pollution and diminish reliance on traditional fossil fuels such
