Connect with us

Featured

Tesla Looking to Start Operation in India with Visit of Elon Musk?

Published

on

Is Tesla’s Indian dream finally coming true? Elon Musk, the CEO of Tesla hinted that he might be visiting India next year and this statement of his is making big news in the Indian business circles. After his 3 days long trip to China, Elon Musk was asked on Twitter about his plans to visit India. In response to the Tweet, Elon Musk said, “probably early next year.”

Elon Musk last visited India in 2007 when he attended the International Astronautical Congress held in Hyderabad. Elon Musk is a huge fan of the vibrant India food and is expected to make another visit to India soon.

The curious case of Tesla and India’s relationship

The relationship between India and Tesla has rather been dramatic and complicated. Tesla wanted to enter the Indian automobile industry in early 2017 and the company even found affluent buyers for the taking. Each of these buyers paid $1000 each to reserve a Tesla car each for themselves without even caring for the final cost of the car. But then India’s firm local sourcing norms did not go Tesla’s way and the plans got derailed.

Since then the debut of Tesla in India has been in a doubt even though India made it clear that the strict norms did not apply to Tesla. In May 2018, Elon Musk said that Tesla will prepare to enter the Indian market when he gets a green signal from the company’s chief financial officer, Deepak Ahuja.

Tesla joins hands with China

Tesla signed an agreement on Tuesday in Shanghai to build a plant for the production of electric vehicles, which will be located in the urban area of Linggan near the port of Yangshan in China. This was reported by the newspaper YICAI.

According to the document signed with the Lingang District Administration and the Lingang Corporation, Tesla will fully invest in the construction of the electric cars with an annual output of up to five hundred thousand cars.

The Telsa investment includes investment in the manufacturing, as well as the future promotion of the cars in the local market. About what amount of investments is a not clearly known, however, local media estimates that the Telsa investment will become one of the largest in the history of Shanghai from the point of view FDI.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

INDIAN-ARMY INDIAN-ARMY
Featured2 hours ago

Has The Indian Army Captured The ‘Pious’ Kailash Mountain From China?

An image of the Indian Army soldiers near the sacred Mount Kailash is being shared on social media which is...

US-Drone-Strike US-Drone-Strike
Americas8 hours ago

US Looks To Replace Its Deadly MQ-9 Reaper Drones & Northrop Unveils A New ‘Breakthrough’ Concept

As the U.S. Air Force seeks a replacement for the MQ-9 Reaper drone, US defense giants Lockheed Martin, Northrop Grumman...

People's Liberation Army People's Liberation Army
Asia Pacific9 hours ago

Why China Again Wants To Seize ‘Despang Plains’ Just Like The 1962 India-China War?

The Chinese People’s Liberation Army (PLA) may be actually eyeing the Depsang plains while creating a diversion in Pangong Tso...

Moon-Space-Station Moon-Space-Station
Americas10 hours ago

WATCH: US Secretive Spaceplane That Was Dubbed To ‘Spy On China’s 1st Space Station’

A video of the US’ veiled spaceplane X-37B was posted by a twitter user showing the plane’s cargo bay doors...

Indian-Air-Force Indian-Air-Force
Asia Pacific10 hours ago

China Prepares For A Possible Invasion By Indian Air Force Jets Led By Su-30 MKIs & Rafales

Bracing itself for an aerial attack by the Indian Air Force (IAF) on its airbases, China has reportedly begun planning...

H6 BOMBERS-CHINA H6 BOMBERS-CHINA
Asia Pacific22 hours ago

China Says PLA Drills Not Warning, But Rehearsal For Taiwan Takeover

Tensions between China and Taiwan have dangerously deteriorated as Beijing has vowed to merge the 'renegade province' at any cost....

Maldives Maldives
Asia Pacific1 day ago

Maldives Could Relinquish Control Of An Island As Chinese Loan & Pressure Mounts?

The Maldives government is now alarmed at the amount of debt it owes to China. With the coronavirus pandemic, the...

j20-vs-tejas j20-vs-tejas
Expert Reviews1 day ago

Chinese J-20s Outgun Rafale Jets In Simulation Drills But What Will Happen In A Real-Life Air Battle?

China has been trying to intimidate India with its fifth-generation, stealth, J-20 fighter jets with the indigenously produced warplanes shooting...

World-Economic-Forum World-Economic-Forum
Featured1 day ago

India-China Cyber War: China Second Most Powerful Cyber-Power & India Could Face The Chinese Brunt

As India and China are engaged in prolonged border tensions, India is boosting its capability to deal with cyber-attacks given...

china-detention-camps china-detention-camps
Asia Pacific1 day ago

China Releases White Paper To Explain Its Commitment Towards Xinjiang & Uighur Muslims

Many Uighurs – around 1 million to 1.6 million, according to the World Uyghur Congress – have left China to...

Advertisement