Tesla could start slow in India, but don’t conclude yet. Hint: Read the Apple, Amazon stories.
Synopsis
Tesla’s beginning in India might be muted due to high prices. But with large-scale domestic manufacturing and localisation, like it did in China, the Elon Musk firm may offer EVs at competitive prices. With a robust automotive supply chain, lower corporate tax rates, and software skills, India could become a solid local market and an export hub for Tesla.
The confirmation came in a two-word tweet: “As promised”. As Elon Musk broke Tesla’s India plans, calculators were immediately out. How expensive will the cars be? While that is expected of a price-obsessed market called India, Tesla’s India ride will perhaps go far beyond simple mathematics. The beginning might be humble, but don’t draw any conclusion just yet. Before we tell you why, let’s take a brief look at Tesla’s financial muscle. For
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