PHOENIX, Sept. 29 (Xinhua) -- Tesla's plans to start production in India could be announced as early as 2022, according to foreign media reports, according to Soman Middot, an analyst at the market research agency Countpoint Research.
Tesla has been targeting the Indian auto market for years, and in 2021 it will make the biggest effort in history to launch electric cars in India. India may be one of the biggest beneficiaries in the global electric car market, according to Soman-Middot Mandal. He also thinks Tesla is aware of this. Based on that view, Tesla may want to land and gain a foothold in India as soon as possible, and whether it will launch electric cars in India is a decisive factor in its success in the local market.
Over the past few months, Tesla has been in communication with Indian government officials and there has even been some debate about who will compromise with each other first. At first, Tesla planned to build a manufacturing plant in India, but chief executive Elon Musk chose to back down after uncertainty about whether the plant would encounter "water and soil" in India.
Musk with Indian Prime Minister Narendra Modi
Instead, Musk wants to test india's demand for Tesla electric cars by importing them. With Tesla's active production facility in Shanghai, China, and its Plant in Germany about to begin production, Tesla electric cars are not short of access to the Indian market. The problem for Tesla, however, is that India's import tariffs have doubled car prices, and without lowering those taxes, It will not be able to pinpoint exactly how much demand is needed in the Indian market. (Compilation/Good)
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