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Electric car major Tesla to enter India next year: Nitin Gadkari

PTI
Updated: December 28th, 2020, 21:18 IST
in Business
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Tesla

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New Delhi: Union Minister Nitin Gadkari said Monday that American electric car major Tesla is set to start its operations in India next year. The company would also look at setting up of a manufacturing unit based on demand. Nitin Gadkari, the Road, Transport and Highways Minister has been pushing for green fuel and electric vehicles. He feels that it would cut India’s huge Rs 8 lakh crore crude imports.

Tesla Inc. Co-founder and chief executive Elon Musk had in October said the company will enter the Indian market in 2021.

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“American auto major Tesla will have its distribution facility (sale centres) for its cars in India from next year. Considering the demand, Tesla would look into setting up of manufacturing here. India has the potential to become the largest EV (electric vehicle) producer in the world in the next five years,” Gadkari told this agency.

India has pledged to reduce carbon emissions by 30-35 per cent by 2030. Efforts are on to cut down on Rs 8 lakh crore-worth crude oil imports. Also the focus is on green fuel and electricity as well as EVs, the minister said.

Stressing that India is power surplus, Gadkari said the benefits of e-mobility solutions are immense here. “The Centre intends to have an electric vehicle sales penetration of 30 per cent for private cars, 70 per cent for commercial cars, 40 per cent for buses, and 80 per cent for two and three-wheelers by 2030 by providing various incentives, which are likely to drive the growth of EV market in India,” Gadkari said.

Also, the government is planning to set up at least one e-charging kiosk at each of the around 69,000 petrol pumps across India. This will be done with an aim to accelerate the uptake of EVs, added the minister.

Gadkari said it was an opportune time to harbour the ambition of becoming number one in EVs as raw material and skilled manpower was available in India, making it a ‘win-win situation’. In October this year, Musk had said ‘next year for sure’, while replying to a query on Tesla’s India plans on Twitter.

 

Tags: Crude importselectric carElon MuskNitin Gadkaripetrol pumpsTesla
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