Electric car maker Tesla to delay Indian launch

IANS  |  Mumbai 

Lack of component suppliers in is delaying the entry of electric cars in the country, Tesla's founder and CEO said on Monday.

In February 2017, Musk had tweeted that he was hoping for Tesla to launch its vehicle in summer.

However, on Monday he dashed the hopes of seeing the company launching the model in either in 2017 or 2018.

Replying to a tweet that asked about the chances of Tesla launching its model in in 2017 or 2018, Musk said: "Maybe I'm misinformed, but I was told that 30 per cent of parts must be locally sourced and the supply doesn't yet exist in to support that."

The models rolled out by Tesla are electric powered and long distance runners.

Though is the fastest growing market for passenger cars, the market for electric vehicles is yet to grow.

Prime Minister Narendra Modi had visited Tesla headquarters at Palo Alto, California, in the United States, in 2015 and met Musk.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Electric car maker Tesla to delay Indian launch

Lack of component suppliers in India is delaying the entry of electric cars in the country, Tesla's founder and CEO Elon Musk said on Monday.

Lack of component suppliers in is delaying the entry of electric cars in the country, Tesla's founder and CEO said on Monday.

In February 2017, Musk had tweeted that he was hoping for Tesla to launch its vehicle in summer.

However, on Monday he dashed the hopes of seeing the company launching the model in either in 2017 or 2018.

Replying to a tweet that asked about the chances of Tesla launching its model in in 2017 or 2018, Musk said: "Maybe I'm misinformed, but I was told that 30 per cent of parts must be locally sourced and the supply doesn't yet exist in to support that."

The models rolled out by Tesla are electric powered and long distance runners.

Though is the fastest growing market for passenger cars, the market for electric vehicles is yet to grow.

Prime Minister Narendra Modi had visited Tesla headquarters at Palo Alto, California, in the United States, in 2015 and met Musk.

--IANS

vj/py/dg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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