Online ISSN: 2515-8260

Keywords : EV Hub


ELON MUSK IN INDIA – A SUCCESS STORY IN THE MAKING

Harikumar Pallathadka

European Journal of Molecular & Clinical Medicine, 2020, Volume 7, Issue 9, Pages 3773-3782

One of Elon Musk's Twitter posts created much buzz in India and most certainly in the southern State of Karnataka in India. His EV company Tesla is planning on expanding to another East Asian Market after the Shanghai branch dealt with R&D and sold almost 50,000 units. Moreover, India is one of the most likely targets which Tesla would be aiming for, not only because of the humongous workforce capability that the country could offer but also for the development of rules and regulations for the improvement and the enhancement of EV’s in the country. Since the development of the EV policy, 2017 in the state of Karnataka, which pioneered the same and proved itself to be worthy of the badge of "EV Hub" of India, with many tech start-ups pushing the boundaries in the field of EV. Some of the latest news articles in the papers discussed the probability of Tesla being interested in forming another enterprise in the country, which is exciting news. This would not only mean the change in the economic spectrum of the country because of the remarkable improvement of the Tesla Stocks in the USA but also a significant chance for employment, leading to the push in the Indian economy, which is most required at this time of distress and dilemma because of the COVID-19 pandemic which struck.