Anand Mahindra invites Elon Musk participate to India 2030

Tinuku ~ Anand Mahindra invites Elon Musk to join India towards the 2030 target. Mahindra Group's Chairman and Managing Director on Friday, June 2, 2017 gives Tesla CEO a clear invitation to enter the Indian market as the government's ambition only allows electric cars to operate by 2030.

Tinuku Anand Mahindra invites Elon Musk participate to India 2030

The Indian government that has announced new plans only operates electric cars on the road by 2030. India is the world's third largest oil importer and spends about US$150 billion every year.

This move will reduce oil demand and the state will save US$60 billion in energy costs if the 2030 target is met. Indian Energy Minister Piyush Goyal has asserted that the government will support this initiative in the early years in which production of electric cars will depend on demand and not subsidies.

An Indian car maker who has developed an electric car is Mahindra & Mahindra. The Indian auto giant is producing e-20 and e-Verito which are two electric cars have sold 1100 electric cars last year.

Tesla has announced plans to enter India this year, though India may not be an easy market for Tesla. Price sensitive markets and even global giants like General Motors have found it difficult.

The entry of Tesla is expected to boost demand for electric vehicles in the country, although demand for electric vehicles is expected to grow after 2020 with some infrastructure issues still in place.

Automotive giants like Mahindra and Tesla can handle the production of electric cars to develop powertrain without government support, while the government is building a charging station.