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Business Daily

Is India ready for Tesla?

Business Daily

BBC

Business

4.4796 Ratings

🗓️ 21 September 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

It’s been a long wait for tech billionaire Elon Musk to push into India’s EV market.

High import duties have kept Tesla out of India so far. Mr Musk has repeatedly sought to lower those duties, but the government wants the company to manufacture cars locally before considering tax breaks.

Now there seems to be an agreement on the horizon.

But is India’s EV ecosystem ready for it?

Presenter/producer: Devina Gupta

Transcript

Click on a timestamp to play from that location

0:00.0

Lives Less Ordinary is the podcast from the BBC World Service,

0:04.3

bringing you extraordinary personal stories from around the globe.

0:08.5

Search for Lives Less Ordinary, wherever you get your BBC podcasts.

0:18.4

Russia in India's capital, Delhi. Cars, bikes, buses all fight for space on the city's roads.

0:28.4

There's no room for patience here, as the commuters jostled to reach their destination.

0:34.3

Most of these vehicles run on petrol or diesel.

0:42.5

So you can quite imagine that's a lot of air pollution to worry about.

0:46.3

But all this could change soon with this news.

0:48.3

Now let's talk about Elon Musk.

0:50.5

He seems to be taking more interest in India.

0:52.7

A few days back, he was praising Indian food.

0:54.7

Now his car company, Tesla, is making moves here. Tesla is finally coming to India.

0:57.4

Elon Musk's Twitter's path to India's investment. He's nother on Tesla has ambitious plans

1:06.3

for India. This time, it's planning to have a capacity of half a million cars this time in India.

1:14.0

These headlines were the result of a meeting between Tesla's CEO, Elon Musk, and the Indian

1:19.8

Prime Minister in the US earlier this year. At a news conference, Elon Musk made these comments.

1:26.8

Well, I think there's a tremendous amount of potential for all three pillars of the sustainable energy future.

1:33.2

The three pillars being sustainable energy generation through solar and wind primarily.

1:38.4

And then you need to pair that with stationary battery facts because the sun doesn't shine at night.

1:44.0

And then you need electric vehicles,

1:45.4

and then you have a sustainable energy future.

1:48.6

After that, he confirmed that Tesla is coming to India soon.

...

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