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Electric car maker Tesla to delay India launch due to lack of suppliers

IANS New Delhi 22 May 2017, 19:14:29 IST
IANS

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.

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 India either in 2017 or 2018.

Replying to a tweet that asked about the chances of Tesla launching its model in India 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 India to support that."

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

Though India 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.