Tesla Plans to Launch in India

The business magnate, however, wants to start sales of Tesla models in India as soon as possible and is now in talks with officials to waive off restrictions on import. Musk replied saying, Tesla is in discussions with the Indian government to see if import restrictions can be relaxed until a Tesla factory is built.

Musk’s concern is genuine.

This is your chance to take delivery of a brand new Tesla Model 3 without having to wait years in line behind 400,000 other reservation holders. It has been also reported that Tesla was in talks with the component manufacturers such as Italy’s Magneti Marelli, and German-based Draxlmaier Group to procure electric parts for its India venture.

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said he’s lobbying the Indian government to cut import duties on his company’s vehicles, as it works toward getting a factory built in the Asian nation.

Therefore, the company doesn’t need more Model 3 reservations, but Model S and Model X are already in production and Tesla wants to get more people in those cars.

The revelation was made when a Twitter follower asked him his plans to launch the vehicle in the country.

A number of local customers, including Paytm founder Vijay Shekhar Sharma and GOQii founder Vishal Gondal, had booked the vehicle. However, the talks have made little headway as there have been differences over local sourcing norms.

The developments happened also within days of the Indian government clarifying that the electric auto maker will not have to source components locally for manufacturing in India. This isn’t the first time Musk has announced he intends to enter the Indian market – Musk said in February he was hoping to launch in the country this summer.

Auto imports are subject to a tariff of up to 100% in India, depending on the value of each vehicle. Tesla without any manufacturing unit in the country will also be subject to these.

Tesla Motors’ much-awaited compact four-door sedan Model 3 that was unveiled in a glitzy ceremony in California on Thursday seems to have created a buzz.

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