Elon Musk has been teasing Tesla’s fans in India with an imminent market entry.
Tesla’s CEO has targeted the Indian market for a few years. Currently, there are several conditions favorable to making the electric vehicles (EV) in India. Initially, Musk might consider exporting vehicles from its manufacturing base in neighboring China to satisfy demand in India. Irrespective of the location, the car company will have to reduce its costs significantly in order to be a viable contender in India’s EV market.
Video Spotlight: Will Tesla Build a Gigafactory in India?
This post is based on the CNBC article, Why Tesla’s 20-Million Electric Vehicle Goal Could Next Take Elon Musk to India, by V. Barhat, October 22, 2020, and the YouTube video, Will Tesla Build a Gigafactory in India?, by Cleanerwatt, October 6, 2020. Image source: Shutterstock / Luciano Mortula.
1. What are the opportunities for Tesla’s entry into the Indian market?
Guidance: There are many opportunities that make Tesla’s entry into the Indian market an attractive proposition. The potential market size and labor pool are huge, and the fan base is expanding. Battery prices are falling, making it easier Continue reading