Tesla could establish its presence in India by 2020, says company CEO Elon Musk. The tech entrepreneur tweeted about its plans for India in response to a query about the company’s service capabilities outside North America. Musk included India in a list of regions that Tesla will aim to target in the next two years.
The Tesla CEO, in response to a query about easier access to service locations, said that the company was looking to expand its service presence in existing markets. Musk said this includes North America, eastern Europe, China, and Japan. He explained that Tesla would also be seeking a “partial presence” in India, Africa and South America by the end of 2019, that would be followed by “broader expansion” in 2020.
Hopefully, partial presence in India, Africa & South America end of next year, with broader expansion in 2020
— Elon Musk (@elonmusk) November 2, 2018
The automaker currently has a Gigafactory facility in China, that makes Tesla cars and caters to most of the demand from the Asia-Pacific region. Recently, the company also confirmed that it was able to manufacture as many as 5,000 Model 3 cars in a day at its Nevada Gigafactory, allowing it to deliver pre-ordered units to customers.
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With the objective of having a presence across continents that is based on a local production model, Musk said that the carmaker was aiming to make production costs as cheap as possible. He also claimed that the partnership between Tesla and Panasonic was responsible for over 60 per cent of the world’s electric vehicle battery output.