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Tesla enters Indian market amid skepticism from local automakers

Tesla's entry into the Indian market, marked by a new showroom in Mumbai, faces skepticism from local automakers like Tata and Mahindra, who believe they are well-positioned to compete. Analysts suggest that Tesla's premium pricing and the need for local production may hinder its impact, as Indian brands dominate the affordable EV segment. Despite the hype, significant challenges remain for Tesla to disrupt the entrenched market.
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United States Dollar Indian Rupee Mahindra & Mahindra Ltd. CHN IND USA Rajesh Jejurikar Sajjan Jindal Anand Mahindra Elon Musk Show more
Business & Industry, Market Report
15:14 06.03.2025

Tesla faces challenges in India as local manufacturers strengthen their positions

Sajjan Jindal, chairman of JSW Group, expressed skepticism about Tesla's success in India, emphasizing the stronghold of domestic manufacturers Tata Motors and Mahindra & Mahindra. As Tesla prepares to enter the market with a showroom in Mumbai, high import duties and local production challenges remain significant hurdles. Meanwhile, Tata Motors and Mahindra are bolstering their positions in anticipation of increased competition.
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United States Dollar Indian Rupee Reliance Industries Ltd. Mahindra & Mahindra Ltd. IND USA Mukesh Ambani Donald Trump Sajjan Jindal Anand Mahindra Elon Musk Show more
Business & Industry, News Article
10:09 06.03.2025
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