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Musk blames tough government rules for no Tesla in India

Musk blames tough government rules for no Tesla in India

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  30 May 2018 6:30 PM GMT

New Delhi, May 30: Tesla CEO Elon Musk said on Wednesday that he would love to roll out Tesla cars in India but the tough government regulations have forced him to apply the brakes on his India plans till date.

“Would love to be in India. Some challenging government regulations, unfortunately,” Musk tweeted in a response to a Twitter users who wrote “No Tesla in India” to him.

“Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should,” added Musk, also the SpaceX founder.

Ahuja, a seasoned auto industry finance executive with 15 years experience at Ford Motor Company, joined Tesla Motors as Chief Financial Officer in 2010.

He holds Bachelors’ and Masters’ degrees in Materials Engineering from Banaras Hindu University and Northwestern University, respectively and an MBA from Carnegie Mellon University.

Ahuja works out of Tesla’s San Carlos headquarters. He quit Tesla in 2015, only to join it back in 2017.

Last year, Musk said Tesla’s cars could come to India the summer but there has not been any further development.

Musk later blamed the FDI norms in India for delay in Tesla’s entry into the Indian market.

“Maybe I’m misinformed, but I was told that 30% of parts must be locally sourced and the supply doesn’t yet exist in India to support that,” he had tweeted. (IANS)

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