https://x.com/timesalgebraind/status/1746086420005933196?s=46 "Suzuki moment" for India's EV industry.
Tesla isn't considering it out of love for India. It is mostly because policies are anti-China.
And demographics, but I wonder how along until we see an Indian BYD
Battery manufacturing isn’t new to India.
Vinfast just announced a brand new factory in India for EVs and with Tata motors already leading the pack and OLA getting into EV cars, Tesla can’t afford to ignore Indian market. Hybrids and EV sales have shot up in india. I don’t support modi on most of his policies but he and Gadkari did the right thing to block Tesla from Indian market until Tesla sets up local manufacturing.
That’s part of PLI ,if PLI succeeds 50% then we are good enough to manufacturing most of the things.
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Elon musk admires modi and india, ok dude.