Tesla Motors Inc - one of the few dedicated electric vehicle makers in the world is reportedly planning to gain foothold into the Indian market sometime next year. The U.S-based EV company has already built a strong network across Europe and recently, launched its new model - the Tesla S in the Chinese market. And now the Elon Musk-led company is eyeing India, which they think has immense potential for growth as the company now looks to expand in Asia.
Tesla Motors Inc’s chief financial officer Deepak Ahuja said in an interview that India is a big potential market and that 2015 would be the right time to enter the industry. Going by the high affinity value towards the SUV segment in India, which has been growing at a double digit pace every year, Tesla Motors plans to start its innings in the country with a the Tesla Model X SUV - the Concept form of which, was first shown at the the 2013 Detroit International Motor Show.
Ahuja graduated from the Indian Institute of Technology, and previously served as the CFO of Ford South Africa before moving to Tesla Motors Inc in 2006. Ahuja realizes that foraying into the Indian market won’t be without challenges. The nation doesn’t have the necessary infrastructure (charging stations) to support electric vehicles. If Tesla enters the country, it will have to build a Supercharger network like it has done in the U.S. and Europe.