Tesla's Plans to Enter the Indian Market

Elon Musk and the Indian Prime Minister have discussed Tesla's entry into the Indian market. Musk emphasized the potential for sustainable energy in India, highlighting the importance of renewable energy generation, battery technology, and electric vehicles. Despite high import duties, Tesla is planning to manufacture cars locally in India, subject to certain conditions set by the government. The Indian EV market is predominantly dominated by two-wheelers and three-wheelers, but there is a growing middle-class segment interested in purchasing electric cars. While there are challenges in the supply chain and charging infrastructure, big car brands like Tata, Mahindra, and Hyundai have already launched their electric vehicle variants in India.