As India Shifts Policy Gears, Can Tesla Finally Make Inroads? | Firstpost Tech & Trade

As India Shifts Policy Gears, Can Tesla Finally Make Inroads? | Firstpost Tech & Trade

India has relaxed its import duty for certain electric vehicles (EVs), paving the way for Elon Musk's Tesla to enter the Indian market. This move comes at a time when Tesla is in dire need, as the firm is losing its dominant position due to slowing demand in key markets like the US and China, as well as facing intense competition from BYD. However, Tesla's journey in India may not be easy. First, the firm will have to announce an investment plan worth at least $500 million. Even after that, Tesla is expected to face many hurdles, including pricing challenges due to the budget-conscious Indian market and competition from domestic automakers in the country.