Tesla ventures again into the Indian market
- Tesla takes new steps towards expansion in the Indian market.
- Talks on cooperation for the opening of consumer centers are ongoing.
Eulerpool News·
Tesla, the electric car company led by Elon Musk, has resumed its efforts to enter the Indian market. After plans to expand into India were initially put on hold earlier this year, the renewed search for showroom space in New Delhi suggests that Tesla is rethinking its strategy. Originally, investments of around two to three billion U.S. dollars were planned, but short-term changes in company policy led to the withdrawal from the meeting with Prime Minister Narendra Modi.
Currently, talks about a possible cooperation with the real estate giant DLF are in the early stages. Tesla is looking for suitable premises to establish both a consumer experience center and larger spaces for delivery and service operations. Potential locations include the Avenue Mall in South Delhi and the Cyber Hub complex in Gurugram.
However, the negotiations are not yet concluded, and Tesla is also considering alternative options. It also remains open whether the company will continue to import its vehicles to India despite high tariffs or benefit from new political frameworks that could offer more favorable import opportunities.
India is aiming for a significant increase in the share of electric vehicles in the overall vehicle market. As Tesla turns its attention back to the Indian market, the push is also having an impact in another area of Musk's ventures: the space company Starlink is also planning to enter the Indian market. Modern Financial Markets Data
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