Tesla Inc.’s proposed 2021 India entry is expected to energize the local electric vehicle market and accelerate the adoption of battery-powered cars, although the world’s most valuable automaker will have to tackle steep import duties, small market size and an undeveloped charging network.
Elon Musk, founder and CEO of Tesla, confirmed the plan on 2 October. “Next year for sure,” the billionaire replied to a tweet from a handle called Tesla India Club, which had put up a photograph of a T-shirt with the message “India wants Tesla”.
“Thanks for waiting,” Musk added.
