Tesla entering India with much fanfare but latter a challenging mkt for EVs

The potential impact on domestic EV manufacturers, government policies, and the broader market also remain subjects of speculation

Tesla is set to make its India debut with a 4,000-odd sq ft showroom in Mumbai’s Bandra Kurla Complex (BKC), one of the country’s most expensive commercial hubs. Reports suggest a preliminary rental agreement has been signed at Rs 35 lakh per month.

 

Since the news broke, there has been a debate on whether the Austin-based electric vehicle (EV) giant can succeed in the price-sensitive Indian market or will it need to compromise on profits. At 10,000 units a month, the Indian battery electric vehicle (BEV) market is, after all, relatively small. 

The potential impact on domestic EV manufacturers, government