Tesla Inc Co-founder and Chief Executive Elon Musk  had earlier this month said the company will enter the Indian market in 2021

Maharashtra is searching for potential funding from the US electrical automotive main Tesla within the state and has held discussions with the corporate, weeks after Tesla revealed its plans to enter the Indian market.

State Tourism Minister Aaditya Thackeray stated in a tweet on Thursday that Industries Minister Subhash Desai held a video name, wherein he additionally participated, with the Tesla group, inviting the electrical automotive maker to Maharashtra.

Maharashtra is already dwelling to a bunch of home and international vehicle producers just like the Chakan Industrial belt close to Pune, a significant vehicle hub within the state.“This evening I had the opportunity to participate in a video call by Industries Minister @Subhash_Desai ji with @Tesla team to invite them to Maharashtra. I was present not because of just the investment but my firm belief in electric mobility & sustainability @elonmusk,” Thackeray stated in a tweet.

Tesla Inc Co-founder and Chief Executive Elon Musk  had earlier this month stated the corporate will enter the Indian market in 2021.

“Next year for sure,” Musk stated whereas replying to a question on Tesla’s India plans on Twitter.

An Avendus Capital report in July this 12 months had forecast that the Indian Electronic Vehicle(EV) market might be a Rs 50,000 crore alternative by 2025.Factors akin to insurance policies, battery value, charging infrastructure and provide chain in addition to localisation  are anticipated to drive the adoption of EVs in numerous segments within the nation over the subsequent decade, the report famous.

“We are firmly committed to policy building and changes for sustainable development and I personally believe that electric mobility, supported by renewable energy is the way ahead. Let’s hope we can help this thought become mainstream soon,” Thackeray stated in one other tweet.


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