Bringing showrooms filled with high-end American-made electric vehicles to India would mark a symbolic victory for President Trump’s ally.
Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, moving closer to its long-delayed plans to sell its electric cars in the country, sources familiar with the matter said.
Building a Tesla factory in India would be "unfair" to the US, Trump said in a joint interview with Musk this week.
The Elon Musk-owned automotive company is initially expected to import EVs from its Berlin plant for sale in the world's most populous country before potentially localising production in the forthcoming years.
Tesla has started looking for recruits in India. The electric-vehicle maker advertised for jobs in Mumbai through its website, signalling that it plans to enter the Indian market soon. The development follows the company’s CEO Elon Musk meeting with Prime Minister Narendra Modi in the US.
Just a few days after posting job listings in Mumbai and Delhi, Tesla Inc. has expanded its hiring efforts in India, now opening a new position in Pune for the role of PCB Design Engineer in Electronic Systems.
Then, in January 2021, Tesla registered a company in India, just weeks after the country's transport minister, Nitin Gadkari, said Tesla would launch its operations there in early 2021. India is the world's third-largest auto market.
Tesla has finalised locations for two showrooms in India. One in the country's capital Delhi, and the other in Mumbai.
A CLSA report has highlighted that with a reduced tariff rate of 15-20 per cent, Tesla price in India will be more expensive than its domestic competitors like Maruti Suzuki. The company will need to open a manufacturing unit in India to keep up with competition.
Tesla has identified sites for showrooms in New Delhi and Mumbai, marking progress in its strategy to enter India's automotive market, reported Reuters. The US carmaker has been seeking showroom ...