Musk: Tesla would like to be in India in 2020

According to a media report, Elon Musk plans to bring Tesla to India by 2020. 

IIT Madras' Avishkar Hyperloop team, which was part of the finals of the SpaceX Hyperloop Pod competition held on July 21, 2019 had asked Tesla CEO Elon Musk about his plans to bring the electric vehicle (EV) brand to India. In response, Musk said that Tesla could arrive in India in a year's time.

This is not the first time the EV maker has hinted at a possible entry into the Indian market. In March 2019, Musk had tweeted that he would love to be in the country in 2019 or next year. Musk had expressed his willingness to launch Tesla in India, but had also said that FDI (Foreign Direct Investment) rules and other government regulations were one of the reasons for the delay.

Earlier this year, Tesla started construction on its first factory outside the USA in Shanghai, China. Once complete, it is expected to produce 500,000 cars annually. The report states that this could also help India, as getting cars from China would be easier than from USA.

Source: Economic Times