As of yet Tesla’s powertrains, auto parts and integral parts of the EV vehicles are are produced and manufactured in the Fremont Factory in California and many other factories spread across Us. But had Elon Musk paid any heed to Adar Poonawala’s advice the scenario would have been very different .
Adar has become the subject matter of headlines due to his recent take on the 90 hr work week. Anand Mahindra was the first to react on the L&T Chairman’s opinions. Then Adar Poonawala joined in and reacted in a sardonic manner about the views that had been previously expressed by the L&T chairman.
Adaar’s Advice For Elon Musk
In a tweet that Adar Poonawala had made earlier, he preached to Elon about how beneficial Investing in India could be. While Tweeting Adar had the foresight of believing that Elon would buy Twitter, beyond which he wrote “
Hey @elonmusk just in case you don't end up buying @Twitter, do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of @Tesla cars. I assure you this will be the best investment you'll ever make.
---Advertisement---— Adar Poonawalla (@adarpoonawalla) May 8, 2022
Elon’s Investment Plans For India
Elon Musk had profound plans to invest as well as bring Tesla to India. But at the end Elon decided to use the existing factories to build new and more affordable vehicles.
The decision came after Tesla had previously indicated the plans to introduce its affordable Model 2 vehicle in India. The vehicle was supposedly to be priced around 25,000$’s and cater to the mass market. Elon musk had spoken about plans to meet Minister Narendra Modi and announce investments in a auto factory in India. The said meeting was seemingly cancelled last minute. The reason became the heavy obligations that were being levied on Tesla. Beyond the investment in India Elon has also stepped back from an investment plan in Mexico.
Elon had taken the decision considering the risks that such investments involved. A strategic shift to mitigate risks associated with new models manufacturing processes.
Indian Government Rules For EV Manufacturing India
Indian government has planned a incentive system for manufacturing battery components in India. Manufacturers are required to invest in the auto part manufacturing in India to gain incentives from government in India. The government has introduced new schemes such as FAME 2 and Pm E drive as well as phased manufacturing programmed for better localization of EV part manufacturing.
Had Elon’s investment plan had gone through would Tesla had been a success in India, or would Adar Poonawala’s foresight would have been revered, all remains to be a mystery.
